The agreement is a part of Adobe's effort to increase the number of tools it offers for remote collaboration, design, and production.

 Adobe for $20B

For over $20 billion in cash and equity, Adobe has signed a binding merger deal to buy Figma, a significant web-first collaborative design platform.

 Adobe for $20B

cloud-based video collaboration platform, and is a part of Adobe's ongoing effort to broaden its tools for creative collaboration.

 Adobe for $20B

According to Shantanu Narayen, chairman and CEO of Adobe, "Adobe's brilliance has been rooted on our ability to build 

 Adobe for $20B

new categories and offer cutting-edge technology through organic innovation and inorganic

 Adobe for $20B

acquisitions." "Adobe and Figma working together is a game-changer and will help us realise our goal for collaborative innovation.

 Adobe for $20B

Figma, which was created in 2012 by Dylan Field and Evan Wallace, was an online design pioneer

 Adobe for $20B

According to the organisations, it now provides capabilities for users to collaborate while building 

 Adobe for $20B

interactive mobile and web applications through multi-player workflows, complex design systems

 Adobe for $20B

I hope you people found the story interesting. For more such interesting stories click on the link Given below.