Julia Prus

Julia Prus

Marketing at UXPin
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Abir Ershad

3yr ago

Adobe is acquiring Figma for 20B$

What are your thoughts on this? Personally, I'm disappointed. Figma has been the biggest opposition to Creative Cloud & It's horrible pricing schemes. To think that might go away is a major let down. (Excerpt from Adobe Press Release) Under the definitive agreement, Adobe has agreed to acquire Figma for approximately $20 billion, comprised of approximately half cash and half stock, subject to customary adjustments. Approximately 6 million additional restricted stock units will be granted to Figma s CEO and employees that will vest over four years subsequent to closing. Adobe expects the cash consideration to be financed through cash on hand and, if necessary, a term loan. The transaction is expected to close in 2023, subject to the receipt of required regulatory clearances and approvals and the satisfaction of other closing conditions, including the approval of Figma s stockholders. Upon the closing of the transaction, Dylan Field, Figma s co-founder and CEO, will continue to lead the Figma team, reporting to David Wadhwani, president of Adobe s Digital Media business. Until the transaction closes, each company will continue to operate independently.

Julia Prus

1yr ago

🔥 Launching today – need your support & feedback to get visibility on our pivoted product!

Hey fellow Product Hunters! We're launching today: https://www.producthunt.com/post... We need your support and feedback! With this release, we ve pivoted our product and introduced all BIG changes that could help not only technical designers but for the first time developers. We know we re not Figma, and that s okay. But to know what works and what doesn t for you what you like and what s there to improve we need your voice. Feel like supporting or roasting? Either way, go ahead!

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