Adobe's Acquisition of Figma Faces Extended EU Antitrust Investigation Amid Global Tech Scrutiny
Portfolio Pulse from Anusuya Lahiri
Adobe Inc faces an extended EU antitrust investigation for its $20 billion acquisition of rival Figma. The European regulators are concerned about less innovation and higher prices. The UK and the US Department of Justice are also probing the deal.
June 20, 2023 | 11:43 am
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Adobe's acquisition of Figma faces an extended EU antitrust investigation, which may delay or hinder the deal, potentially impacting Adobe's stock price.
The extended EU antitrust investigation into Adobe's acquisition of Figma raises concerns about the deal's completion and potential consequences for Adobe. This uncertainty may negatively impact Adobe's stock price in the short term as investors react to the news.
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