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9/15/2022, 1:54 PM (Source: TeleTrader)
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Adobe to acquire Figma in $20B deal - report

Adobe Inc. is set to buy software company Figma, the Wall Street Journal reported on Thursday. The acquisition agreement is allegedly worth around $20 billion and could be announced later on Thursday.

The report stated the amount would be paid for "roughly half in stock, half in cash." Adobe shares dropped 3.47% in the premarket following the report as the company prepares to release its third-quarter earnings report at market close.

Baha Breaking News (BBN) / DJ