Adobe acquires stock company Fotolia to boost Creative Cloud asset supply

Adobe announced it has entered into an agreement to purchase Fotolia, a privately held company that specializes in royalty-free photos, images, graphics and HD video. The price tag is $800 million in cash. Adobe plans to integrate Fotolia into its Creative Cloud subscription service, which will allow members to access and purchase some 34 million images and videos to assist artist and designer workflows. When the acquisition is complete, Adobe plans to integrate the delivery and purchase of Fotolia’s stock assets into Creative Cloud. The transaction is expected to close sometime in February 2015, the second half of Adobe’s 2015 fiscal first…
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