Adobe's Figma Acquisition Led by David Wadhwani, Who Could Be Next CEO, CNBC Reports
31 Oktober 2022 - 6:13PM
Dow Jones News
By Denny Jacob
--Adobe Inc.'s deal to buy collaboration-software company Figma
for around $20 billion was spearheaded by David Wadhwani, president
of Adobe's digital-media business, and not Chief Executive Shantanu
Narayen, CNBC reported, citing people familiar with the
transaction.
--Mr. Wadhwani is in the driver's seat to become the next CEO,
bolstered by the Figma deal, the report said.
--Mr. Wadhwani and Anil Chakravarthy, the head of Adobe's
marketing software business, are both strong contenders but Mr.
Narayen isn't leaving anytime soon, CNBC reported, citing sources
close to the company.
--Adobe didn't immediately respond to a request for comment from
Dow Jones Newswires.
Full story at
https://www.cnbc.com/2022/10/31/adobes-david-wadhwani-primed-to-be-next-ceo-after-leading-figma-deal.html
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
October 31, 2022 12:58 ET (16:58 GMT)
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