UK's Competition And Markets Authority Said Adobe/Figma Deal Could Reduce Innovation; Will Proceed To Phase 2 Review
Portfolio Pulse from Charles Gross
The UK's Competition and Markets Authority (CMA) has announced that it will proceed to a Phase 2 review of the Adobe/Figma deal, citing concerns that the deal could reduce innovation.
June 30, 2023 | 10:02 am
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NEGATIVE IMPACT
The ongoing review of the Adobe/Figma deal by the UK's CMA could potentially delay or alter the terms of the deal, which may impact Adobe's stock in the short term.
The Phase 2 review indicates that the CMA has serious concerns about the deal. This could lead to delays or changes in the deal terms, which could negatively impact Adobe's stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The review of the Adobe/Figma deal by the UK's CMA could potentially impact the UK market, and thus the iShares MSCI United Kingdom ETF (EWU).
While the review is specific to the Adobe/Figma deal, it could have broader implications for the UK market, particularly if it leads to changes in regulatory approach. This could potentially impact the EWU ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50