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Technology Stocks : Adobe (adbe) opinions

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From: Sr K	11/28/2023 7:36:00 AM
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Adobe’s $20B Purchase of Figma Would Harm Innovation, U.K. Regulator Provisionally Finds By Joseph Hoppe Updated Nov. 28, 2023 7:26 am ET Share Resize Listen (54 sec) PHOTO: GABBY JONES/BLOOMBERG NEWS The U.K. Competition and Markets Authority said it has provisionally found Adobe’s planned $20 billion acquisition of collaboration-software company Figma would likely harm innovation for software used by the vast majority of U.K. digital designers. The regulator said Tuesday that, following a detailed Phase 2 investigation, it provisionally found that the deal would eliminate competition between two main companies in product-design software, reduce innovation and the development of new competitive products, and remove Figma as a threat to Adobe’s flagship Photoshop and Illustrator products. Exc.

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