SEMrush (SEMR) stockholders approved the proposed merger with Adobe.
The acquisition bolsters Adobe's digital marketing and analytics offerings. Adobe integrates SEMrush's SEO and content marketing tools into its Experience Cloud platform.
Adobe will disclose the final voting results in an upcoming SEC filing.
Adobe will discontinue its animation software, Adobe Animate.
The change is effective March 1, 2026. The company cites the rise of newer AI-powered platforms as the primary reason.
This signals a deeper commitment to integrating artificial intelligence across its creative tools.
Piper Sandler downgraded ADBE stock from Overweight to Neutral.
The firm cut the price target to $330 from $470.