Fiscal Q4 Close Expected of Adobe’s $1.3B Frame.io Buy

Adobe will spend $1.275 billion to acquire Frame.io, the cloud-based video collaboration platform that claims more than a million media and entertainment company users globally, reported the buyer Thursday. Combining Adobe’s “creative software” with Frame.io’s “review and approval functionality” will enable a collaboration platform that enhances video editing, it said. The transaction is expected to close during Adobe’s fiscal Q4 ending early January.