Adobe plans to acquire NYSE-listed Semrush, which helps companies run search engine optimization as AI use rises, for $1.9B in cash, paying $12 per share
Semrush helps businesses from Amazon to TikTok with search-engine optimization and marketing — Adobe struck a $1.9 billion deal …
Sources: Adobe held talks to acquire Synthesia, which makes AI tools that generate video avatars of people, for ~$3B; the startup was valued at $2.1B in January
Katie Roof / The Information :
Salesforce says it is discounting Slack for US agencies, by as much as 90%, through November, following similar deals by Adobe and Google
Bloomberg :
Sources: Figma has met with banks in recent weeks to discuss an IPO that could come as soon as 2025; EU and US regulators stymied its $20B sale to Adobe in 2023
The may not get $20B in the IPO but they've avoided the inevitable enshitification an Adobe acquisition would have caused.
Figma is letting staff and early investors sell up to $900M of shares in a tender at a $12.5B valuation, down ~38% from Adobe's $20B acquisition proposal
Canva acquires Affinity, popular with Mac users for its photo editing and other tools, to take on Adobe, Canva's COO says for “several hundred million pounds”
- Australian unicorn buys British team behind Affinity art suite — Affinity offers alternative tools to Adobe's flagship products
Sources: Figma is refreshing employee equity packages and offering buyouts as the startup resets its valuation from $20B to $10B, after the scrapped Adobe deal
Adobe and Figma end their $20B merger, announced in September 2022, over “no clear path” to EU and UK antitrust approval; Adobe owes Figma a $1B termination fee
Adobe (ADBE.O) on Monday shelved its $20 billion cash-and-stock deal for cloud-based designer platform Figma …
Adobe and Figma terminate their $20B merger, announced in September 2022, after seeing “no clear path” to UK and EU regulatory approval; Adobe will pay $1B
Adobe (ADBE.O) on Monday shelved its $20 billion cash-and-stock deal for cloud-based designer platform Figma, pointing to …
Broadcom's VMware Cloud Foundation Division ends perpetual licenses, moves to subscriptions, and makes a “dramatic simplification” of its product portfolio
Now that our acquisition by Broadcom has successfully completed … Ed Targett / The Stack : Broadcom is killing off VMware perpetual licences and strong-arming users onto subscriptions Larry Dignan / C...