Adobe’s $20-billion Figma deal under threat
regulators are preparing to launch a formal investigation into software giant Adobe’s US$20-billion buyout deal for cloud-based designer platform Figma later this year, the Financial Times reported on Tuesday.
These moves underline global regulators’ worries that large tech firms acquiring smaller innovative rivals could throttle competition. Adobe is in the preliminary phase of the regulatory process and having constructive discussions with British, EU and US regulators about the deal while Figma looks forward to continued conversations with regulators, the companies said in separate e-mailed statements.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Garmin's new top-end sports watch costs R27 500 - TechCentralGarmin has revealed local pricing for its new Fenix 7 Pro series, and athletes better be prepared to dig deep if they want one.
Read more »
Musk claims he's improved 'corrosive' Twitter for most users - TechCentralElon Musk said that he bought Twitter because the social network was having a “corrosive effect” on society that he hoped to improve.
Read more »
Microsoft says service outages were result of cyberattacks - TechCentralThe outages that affected certain Microsoft services were the result of cyberattacks.
Read more »
Intel to invest record $25-billion in Israel chip plant - TechCentralUS chip maker Intel will spend $25-billion on a new fabrication plant in Israel.
Read more »
Webinar this week: shielding confidential data from prying eyes - TechCentralPromoted | To unpack encryption and its role in data security, Altron is hosting a free-to-attend webinar on the 20 June.
Read more »
Twitter working on video app for smart TVs - TechCentralA Twitter video app for smart TVs is in the social media company's plans, owner Elon Musk said.
Read more »