Adobe buying design startup Figma.
You will be amazed to know that it would be the largest acquisition ever for a private software company.
This deal is structured via an ever split of cash and stock.
According to a report Figma raised around $330 million in VD Funding, 2021.
Several months ago, Adobe first approached Figma. At that time Figma was not seeking to raise new private funding.
Figma products allow collaborators to bypass the clumsy process of saving and sending work to mates using a collection of disparate apps.
This is a very big money about the centrality of design in the tech world.
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