Investing
UK watchdog investigates Adobe’s $20 billion acquisition of Figma
© Reuters. UK watchdog investigates Adobe’s $20 billion acquisition of Figma
The UK’s competition watchdog said it is investigating Adobe Systems Incorporated (NASDAQ:)’s $20 billion acquisition of Figma, announced in September 2022, to determine if it could result in a significant reduction in competition in the country.
The UK Competition and Markets Authority (CMA), which blocked Microsoft Corporation (NASDAQ:)’s $69B acquisition of Activision Blizzard Inc (NASDAQ:) last week, has set a deadline of June 30 for its phase 1 decision on the Adobe-Figma deal.
Adobe expressed its anticipation to continue engaging with the DOJ (U.S. Department of Justice), CMA, and EC (European Commission) in constructive discussions regarding the economic impacts of the deal. Figma has also stated that it will continue to collaborate constructively with UK regulators.
By Davit Kirakosyan
Read the full article here
5 Essentials of Good Leadership
U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.10% By Investing.com
20 Cities Experiencing a Surge in New Business Applications
Closing Your Business? Do It Before the New Year to Save Money
Why Irate Artists Leaked OpenAI’s AI Video Generator Sora
This All-Access Pass to Learning Is Now $20 for Black Friday
How to Create a Routine That Balances Rest and Business Success
Apple Prepares a New AI-Powered Siri to Compete With ChatGPT
A Macy’s Employee Made Accounting Errors Worth $132 Million
Factbox-How Trump can overhaul US financial regulators when he takes office By Reuters
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Investing5 days agoThis All-Access Pass to Learning Is Now $20 for Black Friday
-
Passive Income5 days agoHow to Create a Routine That Balances Rest and Business Success
-
Side Hustles6 days agoApple Prepares a New AI-Powered Siri to Compete With ChatGPT
-
Side Hustles3 days agoA Macy’s Employee Made Accounting Errors Worth $132 Million
-
Investing2 days agoFactbox-How Trump can overhaul US financial regulators when he takes office By Reuters
-
Side Hustles7 days agoMIT Gives Free Tuition For Families Earning $200,000 or Less
-
Passive Income6 days agoCustomers Want More Than Just a Product — Here’s How to Keep Up
-
Side Hustles5 days agoGift the Power of Language Learning with This Limited-Time Price on Babbel