Page 77 - Adobe News Today

NEW YORK CITY: Photoshop giant Adobe has scrapped its plans to buy up software company Figma after encountering opposition to the deal by regulators in the European Union and Britain, the company said on Monday.

Park Edge Advisors LLC cut its position in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 18.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 958 shares of the software company’s stock after selling 221 shares during the period. Park […]

Schaper Benz & Wise Investment Counsel Inc. WI lessened its stake in Adobe Inc. (NASDAQ:ADBE – Free Report) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,793 shares of the software company’s stock after selling 457 shares during […]

Kentucky Retirement Systems purchased a new position in Adobe Inc. (NASDAQ:ADBE – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 37,509 shares of the software company’s stock, valued at approximately $19,126,000. Adobe makes up 0.7% of Kentucky Retirement Systems’ portfolio, making the […]

Schaper Benz & Wise Investment Counsel Inc. WI lessened its holdings in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,793 shares of the software company’s stock after selling 457 […]

Britain’s competition watchdog earlier said on Monday that Adobe would not propose remedies to resolve regulatory concerns regarding the buyout

Adobe and Figmas $20 billion merger, aimed at reshaping creativity, crumbles under regulatory scrutiny. As Adobes CEO cites shared vision but clashes with regulators, a $1 billion reverse termination fee marks the end, pushing both companies to chart independent paths.

"If this deal fell apart tomorrow, I'd feel just fine," said Figma co-founder Dylan Field when Adobe's planned $20 billion acquisition of the company was announced...

Adobe, which struck the deal in September last year, has forecast its annual and quarterly revenue below estimates as tightened client spending remains a drag on its business.

Piper Sandler reaffirmed their overweight rating on shares of Adobe (NASDAQ:ADBE – Free Report) in a research report report published on Thursday, Benzinga reports. They currently have a $650.00 target price on the software company’s stock. A number of other research analysts have also issued reports on the company. Bank of America boosted their target […]