Adobe Pays $20 Billion to Acquire a Burgeoning Competitor
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It's a Silicon Valley maxim: if you have to compete with them, just make them join you.
Adobe, the 40-year-old software company that pioneered both design tools and the software-as-a-service business model, is the latest tech giant to employ the tactic. On Thursday, the company announced a $20 billion acquisition of Figma, a sleek start-up whose suite of collaborative tools was quickly gaining favor with the world's top designers and artists.
Source Fool.com
