11/7/2023 0 Comments Figma software priceThe acquisition is coming in the form of a deal that is half cash and half stock, Adobe said, and it will also include 6 million additional restricted stock units granted to Figma’s CEO and employees that will vest over four years subsequent to closing. ![]() These are the kinds of reactions - from their target community - that are a strong signal to Adobe and Figma to definitely keep an eye on how they integrate and take their users along to whatever the next step is. Investors are not the only ones a little worried… Its stock is trading down nearly 10% pre-market open - one sign of how Adobe likely hoped the news of consolidating and taking out a rival could give it a boost. Nevertheless, the company said that it might need to finance this deal with a loan, and it provided a lukewarm outlook for the next quarter, with revenues expected to be $4.52 billion and EPS of $3.50, citing “the overall macroeconomic environment” and “FX headwinds”. Those Q3 earnings saw the company post revenues of $4.43 billion and non-GAAP earnings per share of $3.40, which respectively met and exceeded analysts’ expectations. In the end, Adobe confirmed the news to coincide with its quarterly earnings. Big news in the world of digital creative technology: Adobe today announced that it would acquire Figma for $20 billion, taking out one of its biggest rivals in the realm of digital design.īoth the WSJ and Bloomberg reported earlier this morning that Adobe was close to announcing the deal to acquire Figma.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |