What you need to know in advertising today

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What you need to know in advertising today

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Adobe confirmed on Thursday that it will acquire Marketo for $4.75 billion.

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Marketo is a privately held marketing automation company. Private equity firm Vista Equity Partners bought the company for $1.8 billion in 2016.

To read more about the acquisition, click here.

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In related news:

Insiders are 'shocked' that Adobe is paying nearly $5 billion for Marketo, a deal that Salesforce and SAP also looked over. "Almost spit out my coffee," said one source familiar with Marketo's financials.

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'We're going to see continued consolidation': Adobe's $4.75 billion acquisition of Marketo could spur a takeover spree at Salesforce and Oracle. Marketing clouds are aggressively chasing the same tools and expertise to win over brands.

In other news:

Instagram's new TV service recommended videos of potential child abuse. While monitoring IGTV, Business Insider found its algorithm recommended disturbing and potentially illegal videos.

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Kanye West and Adidas just made a major play to one-up Supreme. On Monday, Adidas and Kanye West ran front page ads on nine newspapers across the country to promote the launch of Adidas Yeezy Boost 350 V2 Triple White.

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Subway is running a new commercial that tries to slam McDonald's - but it's only making customers confused and angry. Subway has even started apologizing on Twitter to customers who say they hate the ads.

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