How about that $20B Figma-Adobe deal?

Adobe was close to buying Figma for around $20 billion, according to a report. The deal was confirmed with a release and presentation. The coverage of the announcement can be found by clicking here.

Adobe's shares were down more than 15%.

It's worth our time to unpack the transaction in dollar terms.

Can I just say that I'm not happy about the deal?

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Figma is a good example of a startup success story. Figma was valued at around $10 billion after attracting regular external investments through a mid-2021 Series E worth $200 million. Selling for a double of a final venture round would be a smaller exit price than investors would have expected. That's right, but! It's a huge win that the valuation bands for technology companies have changed so much in the last year.