![Canva's Acquisition of Affinity Suite in Bid to Challenge Adobe](https://static.myboardtoday.com/app/fdcb87e3-3d43-4526-9db4-23dcf1b9f7ce/b3648418-db5f-40a5-97d0-28d2e7cf1003_-_b3532b34-1e5b-4422-8bce-c77f9f94fe2d-cover.webp)
Canva Inc. has made a significant strategic move by acquiring the Affinity suite of creative software, popular among Mac users, in a bid to challenge Adobe Inc. This represents Canva's largest acquisition to date and signifies a substantial step in its efforts to expand its range of professional tools. The deal, comprising a mix of cash and stock, is valued at 'several hundred million pounds,' as revealed by Canva's Co-founder and Chief Operating Officer, Cliff Obrecht. Notably, this acquisition marks a crucial development for Australia's most valuable startup, particularly following its recent share sale valuing the company at $26 billion. Canva's ambition to compete with industry giant Adobe Inc. is clearly demonstrated through this extensive investment.