CANVA ACQUIRES AFFINITY TO BECOME A PLAYER IN PROFESSIONAL PHOTO EDITING

Summary from the TLDR Design newsletter

Canva, an Australian design company, has acquired U.K.-based creative tools company Affinity for an estimated $380 million. Canva aims to expand its user base to include professional designers. The acquisition aligns Canva with Affinity's culture and offers advanced capabilities to compete with Adobe, adding 3 million users and 90 employees to Canva's portfolio.