Adobe/Figma EU Deal Review Extended By 10 Working Days; EU Sets Jan. 8, 2024 Review Deadline For Adobe/Figma; Move Follows EU Decision To Open In-Depth Probe Of Deal
Portfolio Pulse from Benzinga Newsdesk
The European Union has extended the review of the Adobe/Figma deal by 10 working days, setting a new deadline of January 8, 2024. This follows the EU's decision to open an in-depth probe into the deal.
August 09, 2023 | 1:27 pm
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NEGATIVE IMPACT
The extended review period for the Adobe/Figma deal by the EU could potentially delay the completion of the deal, creating uncertainty for Adobe.
The extension of the review period indicates that the EU has concerns about the deal, which could potentially lead to conditions being imposed or even the deal being blocked. This creates uncertainty for Adobe, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be indirectly affected by the extended review of the Adobe/Figma deal, as regulatory decisions in the EU can impact market sentiment.
While VGK is not directly involved in the Adobe/Figma deal, it is exposed to the broader European market. Regulatory decisions in the EU, such as the extended review of this deal, can impact market sentiment and thus potentially affect the ETF's performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50