Adobe is Purchasing Figma design company at around 20 Billion stock and cash deal.

Figma, established in 2012, let those who design interactive web and mobile device applications to work through multi-player workflows, intricate design systems and a robust developer ecosystem.

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Really all you need is a digital writing pad and a place to access your thoughts online and off.

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With the ability to write your free-form thoughts like a notepad and switch to editing mode. You're all set

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Figma co-founder stated that. " With amazing expertise and innovation of Adobe, we can further expect end-to-end product design and make the process faster".

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Each company will run independently until the transaction closes.

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At the same time, Field, who will continue to lead the Figma design team, will report to president of Adobe’s Digital Media business, David Wadhwani.

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The deal is expected to close next year. It still requires Figma shareholder's approval

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Adobe Inc.'s share price reduced more than 9% before the market open on Thursday.

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