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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