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Adobe's $20bn Figma purchase faces potential setback from EU

Regulators in Brussels are preparing to file competition charges against Adobe’s $20 billion deal to buy Figma. These may come as early as this week. ....

Bruxelles Capitale , United Kingdom , Department Of Justice , European Commission , Australia Based Canva , European Commission ,

Exclusive-Adobe open to remedy discussions with EU on Figma deal, says chief counsel

BRUSSELS (Reuters) -Photoshop maker Adobe expects to get an EU antitrust warning on its $20 billion bid for cloud-based designer platform Figma and is open to proposing remedies to resolve regulatory concerns, its chief counsel told Reuters on Wednesday. The Adobe deal comes amid heightened regulatory scrutiny around the world on Big Tech acquisitions which boost dominant companies' market power or those involving start-ups seen as nascent rivals. "We are expecting a statement of objections from the European Commission," Dana Rao said in an interview, confirming a Reuters story on Tuesday. ....

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Sigma Lithium reports net income of $36.4M in its first operational quarter, shares up

Sigma Lithium reports net income of $36.4M in its first operational quarter, shares up
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