Adobe received preliminary approval from Germany’s Cartel Office for its planned acquisition of Semrush Holdings. Reuters reported the move as a significant step in clearing initial antitrust hurdles within a major European market. Specific financial terms of the acquisition were not immediately disclosed.
The regulatory progress follows Adobe shares hitting a 52-week low on March 20, 2026. Markets continue to process the company’s fiscal first-quarter earnings report.
CEO Shantanu Narayen also announced his planned departure following a long tenure at the firm. Investors remain focused on the leadership transition and growth prospects within the evolving technology sector.