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Canva: Canva strikes biggest acquisition yet in chase to take on Adobe

The deal, which is a mix of cash and stock, is valued at “several hundred million pounds,” Canva cofounder and chief operating officer Cliff Obrecht said in an interview with Bloomberg on Monday. Its the biggest outlay yet by Australias most valuable startup, priced at $26 billion in its latest share sale.

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Canva strikes biggest acquisition yet in chase to take on Adobe, ET Telecom

Investors have long viewed Canva as a candidate to go public, though the company hasn’t discussed plans for doing so. It recently completed a $1.5 billion secondary share sale, Obrecht said.

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Canva Acquires Affinity Design Adding AI Tools to Portfolio as It Rivals Adobe

Canva Acquires Affinity Design Adding AI Tools to Portfolio as It Rivals Adobe
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Canva purchases Affinity to compete with Adobe

Canva purchases Affinity to compete with Adobe
thenews-chronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews-chronicle.com Daily Mail and Mail on Sunday newspapers.

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Canva strikes biggest acquisition yet in chase to take on Adobe

The deal, which is a mix of cash and stock, is valued at “several hundred million pounds,” Canva co-founder and Chief Operating Officer Cliff Obrecht said in an interview with Bloomberg on Monday.

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