Advertisement
Singapore markets closed
  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     
  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • FTSE 100

    8,137.06
    +58.20 (+0.72%)
     
  • Bitcoin USD

    64,722.45
    +920.46 (+1.44%)
     
  • CMC Crypto 200

    1,338.83
    -57.71 (-4.13%)
     
  • S&P 500

    5,101.70
    +53.28 (+1.06%)
     
  • Dow

    38,257.04
    +171.24 (+0.45%)
     
  • Nasdaq

    15,908.50
    +296.74 (+1.90%)
     
  • Gold

    2,352.40
    +9.90 (+0.42%)
     
  • Crude Oil

    83.91
    +0.34 (+0.41%)
     
  • 10-Yr Bond

    4.6530
    -0.0530 (-1.13%)
     
  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     
  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     
  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Adobe gets its company, snaring Marketo for $4.75 billion

Adobe gets its company, snaring Marketo for $4.75 billion

A week ago rumors were flying that Adobe would be buying Marketo, and lo and behold it announced today that it was acquiring the marketing automation company for $4.75 billion. It was a pretty nice return for Vista Equity partners, which purchased Marketo in May 2016 for $1.8 billion in cash. The deal gives Adobe a strong position in enterprise marketing as it competes with Salesforce, Microsoft, Oracle and SAP.