Adobe accelerates video push with $1.3bn deal

Creative imagination powerhouse Adobe has announced it is obtaining, a cloud-based mostly video collaboration system. 

In a press release, Adobe reported the offer is valued at $1.275 billion, and is subject matter to “customary order selling price adjustments”. If all goes to system, the offer ought to be shut in the fourth quarter of Adobe’s 2021 fiscal calendar year, pending regulatory acceptance and customary closing problems. Until finally then, both equally corporations will proceed functioning independently.