By Colin Kellaher
Shares of SEMrush Holdings took flight in premarket trading Wednesday after The Wall Street Journal reported that Adobe is closing in on a $1.9 billion deal to buy the software platform.
Adobe is set to pay $12 a share for SEMrush, nearly 78% above Tuesday's closing price of $6.76, The Journal reports, citing people familiar with the matter.
A deal could be finalized as soon as Wednesday.
SEMrush shares were recently up 70% to $11.52 in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 19, 2025 07:46 ET (12:46 GMT)
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