FIGMA
US sues Adobe over hard-to-cancel subscriptions
The Justice Department said in its lawsuit that Adobe hid details of an expensive cancellation fee from consumers "in fine print and behind optional text boxes and hyperlinks." Adobe's website and customer service representatives made canceling additionally challenging, according to allegations in the suit.
India is our fifth largest market; one of the fastest growing: Melanie Perkins, CEO, Canva
Design software startup Canva considers India as a big market due to the rising smartphone use and booming creator economy in the country. Cofounder & CEO Melanie Perkins spoke to ET in an exclusive interaction in Los Angeles about its India plans, taking on Adobe in the enterprise segment, and more.
Google's contemplated mega deal would prompt new fight with regulators
Google was mulling an offer for HubSpot, which has a market value of $34 billion. Google has been weighing the antitrust risks of a potential deal and has yet to decide if it will make an offer. Nearly a dozen antitrust experts and industry analysts said in interviews and analyst notes that it was unlikely that an acquisition by Google would hamper competition.
Adobe drops as weak forecast fans worries about competition, AI efforts
Like other software firms Microsoft and Alphabet-owned Google, Adobe is being watched closely by Wall Street for its ability to make money from AI features that it has rolled out across its creative suite including Photoshop.
Adobe forecasts downbeat second-quarter revenue
Companies and individuals have shifted focus to cutting costs amid high-interest rates and a tough economy, pressuring growth at the Photoshop software maker that has been investing in AI tools to attract more users.
Amazon calls off bid to buy iRobot amid pushback in Europe
Amazon announced in 2022 that it would buy iRobot, maker of the circular-shaped Roomba vacuum, for $1.7 billion in cash. But the value of the deal fell 15% after iRobot incurred new debt.
- Go To Page 1
Figma CEO Dylan Field laments demise of $20 billion deal with Adobe
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.
Adobe, Figma shelve $20 billion deal after hitting regulatory roadblocks
Britain's competition watchdog earlier said on Monday that Adobe would not propose remedies to resolve regulatory concerns regarding the buyout.
Why has Adobe and Figma called off $20 billion merger
Adobe and Figma's $20 billion merger, aimed at reshaping creativity, crumbles under regulatory scrutiny. As Adobe's CEO cites shared vision but clashes with regulators, a $1 billion reverse termination fee marks the end, pushing both companies to chart independent paths.
Adobe embroiled in antitrust issues, forecasts revenue below estimates
The San Jose, California-based company said in a regulatory filing that since June 2022 it has been cooperating with FTC in response to a civil investigative demand seeking information regarding its disclosure and subscription cancellation practices.
Adobe to defend Figma deal at December 8 EU hearing
The European Commission two weeks ago warned that the deal may reduce competition in the global market for the supply of interactive product design software where market leader Figma competes with Adobe.
UK regulator says Adobe's $20 billion Figma deal could harm sector
The deal would eliminate competition and remove Figma as a threat to Adobe's flagship Photoshop and Illustrator products, according to findings from an in-depth probe that the Competition and Markets Authority (CMA) launched in July, after Adobe refused to offer concessions to ease its concerns.
Adobe open to discussions with EU on Figma deal remedies, says chief counsel
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.
Adobe faces EU antitrust warning over Figma deal, sources say
Tech deals around the world have recently attracted tougher antitrust regulatory scrutiny amid fears that some bigger companies may be acquiring rival startups to shut them down or boost their market power.
UK extends deadline on in-depth probe into Adobe's $20 billion deal for Figma
Britain's competition regulator, on Wednesday, extended by eight weeks the deadline to complete its in-depth probe into Photoshop owner Adobe Inc's $20 billion buyout of cloud-based designer platform Figma, to February 2024.
EU antitrust regulators resume Adobe, Figma probe, deadline February 5
It has said that the deal may eliminate an important rival to Adobe and allow it to restrict competition in global markets for the supply of interactive product design tools.
EU probe into Adobe, Figma deal paused, regulators await data
European Union antitrust regulators' investigation into Photoshop maker Adobe's $20 billion bid for cloud-based designer platform Figma has been put on hold while they wait for requested information from the companies.
Adobe's Figma deal faces EU competition investigation
The European Commission said it opened a full-scale investigation into the deal after a preliminary review triggered concerns, confirming a Reuters story last month.
Adobe's $20-billion Figma deal faces full-scale EU antitrust probe
The move underscores antitrust watchdogs' wariness of tech deals where bigger companies may acquire rival start-ups to shut them down.
UK announces in-depth probe of Adobe's $20 billion Figma deal
Britain's antitrust regulator on Thursday announced an in-depth probe of Adobe's $20 billion bid for cloud-based designer platform Figma, after the Photoshop owner said it would not offer any remedies to ease the regulator's concerns.
EU antitrust regulators set August 7 deadline for Adobe-Figma deal
Britain's competition watchdog on Friday gave Adobe a week to offer remedies to address its concerns or face a deeper investigation.
UK regulator may refer Adobe's $20 billion Figma deal to deeper probe
The Competition and Markets Authority (CMA) said the deal would be referred to a phase 2 investigation "unless the parties offer acceptable undertakings to address these competition concerns."
Adobe's $20 billion deal to acquire Figma under threat from EU regulators
EU authorities plan to push forward with a detailed investigation, over anti-competition concerns, which could take many months and may ultimately derail the deal altogether, FT said, citing people with knowledge of the move.
Adobe tops quarterly results and forecast estimates driven by AI
Adobe's spree to boost AI innovation has been evident by AI features being introduced into Acrobat, Express, Photoshop and Premiere Pro.
Adobe's $20-billion Figma buyout deal under UK competition watchdog scanner
UK Competition and Markets Authority (CMA) said it has set June 30 as the deadline for its phase 1 decision on the Adobe-Figma deal.
Bob Lee, Cash App founder, is fatally stabbed in San Francisco
Bob Lee, founder of Cash App and current Chief Product Officer of cryptocurrency company MobileCoin, has been stabbed to death in a shocking incident here.
US preparing antitrust suit to block Adobe plan to buy Figma
Responding to the report, Adobe said it and Figma were in different product areas, with Figma focusing on interactive designs.
Adobe will need EU okay to acquire Figma, regulators say
The move by the European Commission underlines regulators' worries on Big Tech acquiring smaller innovative rivals and the impact on competition.
Adobe buys Figma for $20 Billion. Details here
Adobe bought Figma for $20 Billion and thereby wiped out its biggest competitor in digital design, making it the biggest news for the world of digital creative technology.
Load More
