Adobe Buying Workfront for $1.5 Billion

By TheStreet.com

Adobe said Monday it's buying Workfront, a management platform for marketers, for $1.5 billion. The acquisition of privately held Workfront, is expected to close during the first quarter of Adobe's 2021 fiscal year, which begins in late November. The deal will add to Adobe's offerings to business-to-business and business-to-consumer operations, according to a statement from the company.

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