Adobe nearing deal to buy Figma - report

Adobe Inc. is reportedly close to agreeing a deal to buy Figma, a start-up that makes online design collaboration tools.

Bloomberg cited people with knowledge of the matter as saying that an agreement may be announced as soon as Thursday.

It was understood the parties have been discussing a valuation of more than $15bn for Figma.

Bloomberg said deliberations are ongoing, and terms of a deal could still change.