Figma approached Microsoft before closing the deal with Adobe for acquisition

Design tool Figma approached Microsoft when it negotiated an acquisition with Adobe. After three weeks of negotiations, Microsoft finally announced that it was not interested in acquiring the company. Adobe and Figma now have a deal.

It is unknown why Microsoft didn’t want Figma, writes Bloomberg. What is clear is that Adobe and Figma had previously discussed a possible acquisition, but that Figma did not go through with those acquisition attempts. This happened in 2020 and 2021, among other things, the financial press agency said on the basis of a document that became public in connection with an investigation into the planned takeover.

Adobe announced in September that it wanted to acquire Figma for $20 billion. The document also shows that Figma’s founder initially targeted a higher acquisition amount of $23 billion. Investigations into the takeover are ongoing in various countries. Adobe assumes that it can complete the acquisition this year.

Figma has been around since 2012 and is used by designers to collaborate with each other in real time. The tool can be used via the browser, but there is also a mobile app. Figma’s software quickly became popular during the corona crisis, when more and more companies allowed employees to work from home.