The market doesn't seem to take take this acquisition positively.
There's no right or wrong as to when shoulda company make acquisition, especially during this climate. The question is whether $Adobe(ADBE)$is overpaying for the deal. If premiun was not offered, the founder/ management is unlikely to give up control.
On the value that this deal could bring, we can take reference to slack. $Salesforce.com(CRM)$acquired Slack and as a user, it allows company to have a full suite of software for their operational needs and it is definitely much better the conventional messenger tools such as skpe or teams.
Hopefully, an ecosystem could be built uponthe softwares under its belt.
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