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Adobe’s Fast Topaz Deal Explained | Raleigh News
Adobe just snagged fast-track approval for its $700M acquisition of Topaz Labs — the FTC greenlit it in just 30 days, way faster than usual, sending Adobe’s stock soaring nearly 6%. Topaz’s AI-powered photo and video tools will soon roll into Adobe’s Creative Cloud apps like Photoshop and Premiere, giving creators more control over remastering old footage. Meanwhile, the move comes with a twist: David Wadhwani, Adobe’s exec leading the deal, was named in a June FTC/DOJ lawsuit over hidden cancellation fees — which Adobe settled for $150M in March. This shows regulators can tackle different…
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