Adobe Expects EU Antitrust Warning Over $20B Figma Deal; Certainly Open To Discussions On Remedies, Absolutely Wants Deal To Go Through, Needs To See Exactly What EU Concerns Are
Portfolio Pulse from Benzinga Newsdesk
Adobe anticipates receiving an antitrust warning from the European Union regarding its proposed $20 billion acquisition of Figma. The company is open to discussing remedies to address regulatory concerns and is committed to proceeding with the deal, pending a clear understanding of the EU's specific issues.
November 15, 2023 | 5:01 pm
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NEUTRAL IMPACT
The EU's scrutiny of Adobe's deal with Figma may have broader implications for market sentiment in Europe, potentially affecting the performance of European market ETFs like VGK.
While the Adobe-Figma deal is primarily a concern for Adobe, the EU's regulatory actions can influence overall market sentiment in Europe. However, the direct impact on VGK is less clear, as it is an ETF with a broad exposure to the European market and not solely focused on the tech sector.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Adobe's anticipated EU antitrust warning could lead to delays or changes in its acquisition of Figma, potentially affecting investor sentiment and stock performance.
Antitrust warnings typically create uncertainty around a deal's completion, which can negatively impact the acquiring company's stock price in the short term. Investors may be concerned about potential delays, required concessions, or even the risk of the deal being blocked.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100