Page 76 - Adobe News Today

Adobe and Figma are no longer merging as regulators pressure their deal. The supposed $20 billion merger of Adobe and Figma is now canceled, with both companies mutually dropping their agreements, ending what was supposed to be one of the largest acquisitions of the renowned software company.

Adobe has officially tapped out of the $20 billion acquisition for Figma, following pressure from the UK and EU regulators.

US Steel shares rise after news of sale; Europe investigates X; sales of Apple Watch halted; Nikola founder sentenced; Jonathan Majors found guilty; John Roberts wealth.

Dylan Field believed that selling his software company to a bigger rival would be good for competition and consumers. Regulators saw it differently.

Both companies mutually agreed that this was the best path forward. Adobe remains the leading company in editing software, and with the proposed merger with Figma, it could dominate the product design software market.

Northstar Advisory Group LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,078 shares of the software company’s stock, valued at approximately $550,000. Several other […]

Adobe (NASDAQ: ADBE) recently reported its quarterly results that continued to outpace market expectations. However, a lesser optimistic outlook for the coming year sent the stock falling 6% in the after-hours trading session. Adobe's Financials Adobe's fourth quarter revenues grew 12% to $5.05 billion, ahead of the market's estimates of $5.03 billion. Adjusted EPS of $4.27 also beat analyst estimates of $4.14. By segment, revenues from the Digital Media segment grew 13% to $3.72 ...

The companies had promised it was a way to "usher in a new era of collaborative creativity," but regulators in three jurisdictions saw it as an unacceptable effort by a software giant to buy a promising future rival.

Mount Yale Investment Advisors LLC increased its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 18.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,861 shares of the software company’s stock after buying an additional 588 shares during the period. Mount Yale […]

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