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Software program firm Adobe is shopping for on-line design firm Figma in an roughly $20 billion cash-and-stock deal. Figma, based in 2012, permits those that design interactive cell and internet purposes to collaborate by multi-player workflows, subtle design techniques and a wealthy developer ecosystem.

The businesses mentioned that Figma’s web-based, multi-player capabilities will speed up the supply of Adobe’s inventive cloud applied sciences on the net, making the inventive course of extra productive and accessible to extra folks. San Jose, California-based Adobe sells software program for creating, publishing and selling content material, and managing paperwork.

Every firm will run independently till the transaction closes. At the moment, Subject, who will proceed to guide the Figma staff, will report back to David Wadhwani, president of Adobe’s Digital Media enterprise. Click here for the full story.