Overview
- The Wall Street Journal reported the negotiations, citing people familiar with the matter.
- The reported price of $12 per share represents an estimated 77.5% premium to Tuesday’s close.
- Semrush’s stock spiked in early trading after the report, reflecting investor expectations.
- A signing could come as soon as Wednesday, though the talks could still fall apart.
- Adobe and Semrush have not responded to requests for comment.