Adobe announces a $25B stock repurchase program through April 30, 2030; Adobe shares have fallen around 30% so far this year
Adobe (ADBE.O) on Tuesday said its board of directors has approved a new $25 billion stock repurchase program through April 30, 2030, sending its shares up around 2% in extended trading.
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 :
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.
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
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 …