Adobe set to acquire Figma collaborative design tool, developers fret about future • DEVCLASS

Adobe plans to acquire Figma, a popular web-based collaborative design tool for around $20 billion.

A post from Figma co-founder and CEO Dylan Field states that “today, we’re announcing that Figma has entered into an agreement to be acquired by Adobe … while this is not the end of the story, it is the closing of a chapter.”

The transaction is divided into roughly half cash, half stock, and is expected to close in 2023, subject to regulatory approval.

According to Field, Adobe aims to “keep Figma operating autonomously” and he plans to continue as CEO. He also states that “currently we have no plan to change Figma’s pricing,” including offering Figma free for education.

Field will report to Adobe’s David Wadhwani, President Digital…