A deal between Adobe Inc. and Figma, a startup that creates online creative collaboration tools, is about to be finalised, according to sources with knowledge of the situation.

The persons, who asked not to be named because the information is private, claimed that an agreement might be announced as soon as this Thursday. One of the participants stated that the parties have been debating valuing Figma at around $15 billion.

On Thursday, Adobe is expected to announce its financial results for the third quarter. The persons stated that discussions are ongoing and that a deal’s conditions could still alter.

Requests for comment from representatives of Adobe and Figma were not immediately fulfilled.

Before offering browser-based tools that let software designers collaborate in real time, Figma spent several years operating covertly. With the help of its solutions, collaborators can avoid the occasionally awkward process of saving and transferring their work to peers utilising a variety of unrelated apps.

with the increase in remote working during the pandemic. According to its website, clients include Airbnb Inc., Google, Netflix Inc., and Twitter Inc. Venture capital firms Kleiner Perkins, Index Ventures, and Greylock Partners are some of Figma’s supporters.

Since the beginning of the year, shares of Adobe, a Wall Street favourite for more than ten years, have lost more than one-third of their value. Investors are becoming less and less confident in Adobe’s ability to maintain its lead in the creative software market, so the business has been attempting to diversify into more user-friendly products.

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