Adobe near deal to buy online design startup Figma, sources say

Adobe Inc. is nearing a deal to acquire Figma, a startup that makes online design collaboration tools, people with knowledge of the matter said.

An agreement may be announced as soon as Thursday, the people said, asking not to be identified because the information is private. The parties have been discussing a valuation of more than $15 billion for Figma, one of the people said.

Deliberations are ongoing, and terms of a deal could still change, the people said. Representatives for Adobe and Figma didn’t immediately respond to requests for comment. –BLOOMBERG