Adobe Shares Slip Premarket After Report of $20 Billion Figma Deal
15 Setembro 2022 - 09:27AM
Dow Jones News
By Colin Kellaher
Shares of Adobe Inc. moved lower in premarket trading Thursday
after The Wall Street Journal reported that the software company is
in advanced talks to buy the popular professional collaborative
tool Figma for about $20 billion.
The San Jose company could announce a cash-and-stock deal as
early as Thursday, the Journal reported, citing people familiar
with the matter.
The deal would be the biggest ever for Adobe, which sports a
market capitalization topping $170 billion. Adobe shelled out $4.75
billion for marketing-automation firm Marketo in 2018.
Adobe shares, which closed Wednesday at $371.52, were recently
down 3.6% to $358.20 in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 15, 2022 08:12 ET (12:12 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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