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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Adobe Inc | NASDAQ:ADBE | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 8.30 | 1.79% | 471.13 | 470.81 | 472.50 | 477.76 | 460.89 | 461.12 | 2,490,173 | 00:57:09 |
From May 2021 to May 2024
By Stephen Nakrosis
Adobe Inc. on Thursday said it agreed to acquire Frame.io in a deal valued at $1.275 billion.
Adobe said Frame.io, a cloud-based video collaboration platform, "streamlines the video production process by enabling video editors and key project stakeholders to seamlessly collaborate using cloud-first workflows."
At the close of the deal, which is expected during Adobe's fiscal fourth quarter, Frame.io co-founder and chief executive Emery Wells and co-founder John Traver will join Adobe, the company said.
"The combination of Adobe's industry-leading creative software, including Premiere Pro and After Effects video editing products, and Frame.io's review and approval functionality, will deliver a collaboration platform that powers the video editing process," Adobe said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 19, 2021 16:36 ET (20:36 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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