San Jose, California-headquartered Adobe Inc is best known worldwide for its creative software suite including Photoshop, Acrobat and the PDF document format. It is also the latest Silicon Valley multinational to move sizeable intellectual property assets to Ireland. New accounts filed by the group’s Dublin-based subsidiary Adobe Systems Software Ireland Ltd show the scale of the so-called green jersey onshoring that took place in the year to November 27, 2020. “During the year, the company acquired intellectual property (IP) from its immediate parent company for fair market value consideration of $11 billion as supported by a valuation by external professional…

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