Adobe suffers market rout after $20b bid to buy cloud-based designer platform Figma

Adobe suffers market rout after $20b bid to buy cloud-based designer platform Figma

Adobe company logos are seen in this picture illustration taken in Vienna July 9, 2013. Picture taken July 9, 2013. REUTERS/Leonhard Foeger

Adobe Inc agreed on Thursday to acquire cloud-based designer platform Figma for $20 billion, sparking investor concerns about the rich price tag that led to a drop of more than $30 billion in the market value of the Photoshop maker.

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