Adobe Has $6 Billion for AI and Buybacks After Figma Deal Collapses bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The cash-and-stock deal, announced in September last year, was the latest to draw tough scrutiny from regulators worried about Big Tech acquisitions that boost the market power of dominant companies or involve startups seen as nascent rivals.
NEW YORK: Adobe on Monday (Dec 18) shelved its US$20 billion (RRM93.8 billion) deal for cloud-based designer platform Figma, pointing to “no clear pat.
Adobe: The cash-and-stock deal, announced in September last year, was the latest to draw tough scrutiny from regulators worried about Big Tech acquisitions that boost the market power of dominant companies or involve startups seen as nascent rivals.