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SEMR — Semrush Holdings News Story

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Semrush jumps after report Adobe nearing $1.9 bln buyout deal

** Shares of Semrush SEMR.N up 69.6% at $11.48

** Adobe ADBE.O is nearing $1.9 bln deal to acquire software firm SEMR, WSJ reports

** Adobe set to pay $12/shr for Semrush, report says, citing people familiar with the matter

** That represents a premium of around 77.5% to Semrush's closing price on Tuesday

** ADBE and SEMR did not respond immediately to Reuters' requests for comment

** Deal will help Adobe strengthen AI-driven marketing tools and brand analytics capabilities

** Up to last close, Semrush shares down 43.10% YTD, while Adobe shares down 27.03%

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))

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