Adobe considers buying The Foundy - report

British VFX software developer has been up for sale since late last year
The Foundry has worked on blockbusters including Edge of Tomorrow.
The Foundry has worked on blockbusters including Edge of Tomorrow.

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US software producer Adobe is reported to be preparing a bid for The Foundry, a British VFX software developer, according to a report from The Telegraph.

The Carlyle Group, the US private equity firm which owns The Foundry, put the company up for sale late last year.

The Foundry, which has worked on blockbusters such as Gravity and Guardians of the Galaxy, is expected to sell for up to £200 million ($305 million), marking a profit of around £125 million in just three years for Carlyle, which bought it in 2011.

The Washington DC-based firm has appointed advisers Arma Partners last year to find new investors and American technology giant Adobe has is believed to have made an offer.

The Foundry employs around 370 people in London, Manchester, Shanghai, Redwood City and Los Angeles and is expected sell for £200 million.

The British firm specialises in movie special effects and has been used in blockbusters such as Gravity, Avatar, Guardians of the Galaxy and the Twilight series.

Carlyle Group was founded in 1987. Abu Dhabi wealth fund Mubadala bought a 7.5% stake the company in 2007.
 

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