What's behind Adobe's $1.3B acquisition of local startup Frame.io

Adobe will spend about $1.3 billion to acquire Frame.io, a Lower Manhattan startup that provides collaborative video-production tools. The deal marks one of the largest technology acquisitions this year.

Here are five things to know about the deal:

Frame early on pitched itself as a Slack for video production. Frame.io was founded in 2014 by Emery Wells and John Traver. The company’s software is designed to make it easier for people working on a video to collaborate within the production and editing software. The company has more than 1 million individual users, who pay prices starting at $15 per month, as well as a list of corporate clients that

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