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Adobe to Acquire Topaz Labs

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Adobe (ADBE) said Thursday that it has signed a definitive agreement to acquire Topaz Labs, an AI software firm specializing in video and image enhancement models.

Financial terms of the deal, which Adobe expects to close H2, were not disclosed.

The company said that when the acquisition is completed, Topaz Labs products will still be available as standalone offerings through its website, and Topaz Labs Chief Executive Eric Yang will continue to lead the Topaz Labs team.

Price: $195.29, Change: $-1.26, Percent Change: -0.64%

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