Adobe Says "Strongly Disagree " With EC's Preliminary Statement Of Objections And CMA's Competition Concerns About Deal With Figma
Portfolio Pulse from Benzinga Newsdesk
Adobe has expressed strong disagreement with the European Commission's (EC) preliminary statement of objections and the UK's Competition and Markets Authority (CMA) competition concerns regarding its proposed acquisition of Figma.
December 13, 2023 | 9:14 pm
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Adobe's planned acquisition of Figma faces regulatory hurdles as the company disagrees with objections from the EC and CMA, which could lead to a prolonged review process or potential deal modifications.
Adobe's disagreement with regulatory authorities indicates potential delays or complications in the acquisition process. This uncertainty may negatively impact investor sentiment and Adobe's stock price in the short term as the market typically reacts unfavorably to regulatory challenges in high-profile mergers.
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