Adobe acquires collaborative design platform Figma for $20 billion

Adobe just made a big move into team-based creative work. The company is acquiring the online collaborative design platform Figma for roughly $20 billion in cash and shares. That's the largest buyout of a private software company to date, according to Bloomberg's Katie Roof. Adobe hopes the deal will "accelerate" web creativity and put more of the Creative Cloud suite's technology on the internet. You can expect to see Adobe's visual editing features find their way into Figma's platform.