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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Adobe Inc | NASDAQ:ADBE | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4.12 | 0.87% | 477.56 | 477.02 | 477.54 | 482.79 | 471.685 | 472.31 | 2,460,280 | 00:56:44 |
From Oct 2023 to Apr 2024
By Joe Hoppe
The U.K. Competition and Markets Authority said it has provisionally found Adobe's planned $20 billion acquisition of collaboration-software company Figma would likely harm innovation for software used by the vast majority of U.K. digital designers.
The regulator said Tuesday that, following a detailed Phase 2 investigation, it provisionally found the deal would eliminate competition between two main competitors in product-design software, reduce innovation and the development of new competitive products, and remove Figma as a threat to Adobe's flagship Photoshop and Illustrator products.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
November 28, 2023 07:24 ET (12:24 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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