UPDATE: Barclays Downgrades Adobe (ADBE) to Equalweight
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September 15, 2022 8:01 AM EDT
Combination of Adobe and Figma Will Usher in New Era of Collaborative Creativity
SAN JOSE, Calif.--(BUSINESS WIRE)--
Today, Adobe (Nasdaq: ADBE) announced it has entered into a definitive merger agreement to acquire Figma, a leading web-first collaborative design platform, for approximately $20 billion in cash and stock. The combination of Adobe and Figma will usher in a new era of collaborative creativity.
Adobes mission is to change the world through digital experiences. Today, the digital economy runs on Adobes tools and platforms, and throughout its history, the... More
September 15, 2022 8:00 AM EDT
Digital Media ARR Exceeds $13 Billion Exiting the Quarter; Adobe Announces Acquisition of Figma
SAN JOSE, Calif.--(BUSINESS WIRE)--
Adobe (Nasdaq: ADBE) today reported financial results for its third quarter fiscal year 2022 ended Sept. 2, 2022.
Fueled by our groundbreaking technology, track record of creating and leading categories and consistent execution, Adobe delivered another record quarter, said Shantanu Narayen, chairman and CEO, Adobe. With the announcement of our intent to acquire Figma, we believe we have a unique opportunity to usher in a new era of collaborative creativity.
Adobe achieved record revenue and... More
