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Adobe Brass Face Investor Suit Over Tanked $20B Figma Deal

Law 360 M&A

An Adobe shareholder filed a derivative suit on Wednesday in Delaware federal court against the software company's top brass over the recent failure of a $20 billion deal to buy out rising competitor Figma Inc.

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UK Launches Antitrust Probe Into Adobe's $20B Figma Deal

Law 360 M&A

Britain's antitrust authority said Wednesday that it has launched a formal probe into Adobe Inc.'s s planned $20 billion takeover of design collaboration company Figma Inc. to assess whether the deal would weaken domestic competition.

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Getty Images Too Hot To Handle? Activist Investor Calls On Tech Giants To Takeover

Benzinga

Activist investor Trillium Capital called on stock-photo company Getty Images Holdings Inc (NYSE: GETY ) to collaborate with technology firms and publishers to grow its revenue. Full story available on Benzinga.com

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UK Says Adobe's $20B Figma Deal Could Harm Digital Design

Law 360 M&A

The Competition and Markets Authority said Tuesday that Adobe's proposed $20 billion deal for design collaboration company Figma Inc. could harm innovation in software used by digital designers in the U.K.

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EU Will Review Adobe's $20B Figma Deal After Requests

Law 360 M&A

The European Union's antitrust enforcer said Wednesday that it will review Adobe Inc.'s s planned $20 billion takeover of design collaboration company Figma Inc. after receiving requests from several member states.

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Adobe's $20B Figma Deal Deadline Extended - What's Going On?

Benzinga

extended its probe into Adobe Inc's (NASDAQ: ADBE ) $20 billion takeover of Figma Inc, citing more time to look at new submissions from the companies. The Competition and Markets Authority pushed back the statutory deadline to February 25 from the end of the year. Also Read: CMA Approves.

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EU Raises Antitrust Alarm Over Adobe's $20B Figma Deal

Law 360 M&A

European Union antitrust authorities kickstarted a potential challenge late Friday to Adobe Inc.'s s planned $20 billion purchase of design collaboration company Figma Inc., issuing preliminary findings that the deal threatens competition for "interactive product design software."

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