Semrush soars 70% as Adobe nears $1.9 bn takeover deal
Semrush jumped nearly 70% premarket after reports that Adobe is close to acquiring the company for $1.9 billion, or $12 per share, according to The Wall Street Journal. The deal is not yet final. SEMR hit a nine-month high as retail sentiment turned bullish, while Adobe shares edged slightly higher despite bearish retail sentiment on Stocktwits.