Skip to main content

DOJ Preps Antitrust Suit To Block Adobe's $20 Billion Figma Deal

Source : bloomberg.com
The Justice Department is preparing an antitrust lawsuit seeking to block Adobe's $20 billion acquisition of startup Figma, Bloomberg News reported, citing people familiar with the matter. From the report: A case is expected to be filed as soon as next month, although the timing could slip, said one of the people, all of whom asked for anonymity to discuss the confidential probe. The deal needs approval from several antitrust authorities and the merger agreement allows for a possible extended regulatory review with an outside completion deadline of March 2024. Adobe had a meeting with the DOJ yesterday, according to another person. The deal also faces an antitrust review in the European Union after the bloc's antitrust watchdog said it had received requests from national regulators to look into the deal. The UK Competition and Markets Authority is reviewing the merger as well, and the three jurisdictions often coordinate on their investigations. The antitrust division, which has taken a more aggressive approach to mergers under President Joe Biden, is concerned the deal -- one of the largest takeovers of a private software maker -- would reduce options for design software used by creative professionals.

Comments

Post a Comment

Popular posts from this blog

Can Gut Health Influence Hair Loss?

  (Absolutely — and here's the evidence your locks need to hear) People often blame hair loss on genes, anxiety, poor styling habits, or environmental factors. But the real origin might lie deeper: in your digestive system. The Hidden Link Between Your Gut and Your Hair Your intestines host billions of microbes — known as the gut microbiome — that act like a processing plant, breaking down meals, extracting essentials, and synthesizing key vitamins. For strong hair roots, a consistent flow of elements like biotin, zinc, iron, proteins, and vitamins A, D, E, plus the B group is crucial. If absorption in your gut falters, your scalp could suffer the deficit long before other symptoms appear. Beyond that, microbial imbalances may spark widespread inflammation and elevate stress chemicals (such as cortisol), which can disrupt the signals that promote hair regrowth. Three Mechanisms by Which Weak Gut Health Contributes to Hair Thinning Lack of Essential Nutrients Ongoing issues like swe...
Post a Comment
Read more

Is Pineapple Good for Weight Loss?

 Pineapple — that juicy, sweet-tangy tropical favorite — has become a go-to fruit among people trying to shed a few kilos. But does it actually help with weight loss, or is it just hype? Let’s break down its nutrition profile and how it might support your goals. Nutritional Breakdown of Pineapple Pineapple is naturally low in calories and packed with essential vitamins and minerals, making it a smart choice for anyone focusing on healthy eating. A single cup (around 165g) of pineapple chunks provides: Calories: 82 Carbs: 22g Fiber: 2.3g Vitamin C: 131% of the Daily Value Manganese: 76% of the Daily Value With nearly 86% water , pineapple helps keep you hydrated and offers a satisfying volume without loading on calories. Its fiber content also supports smoother digestion and a fuller feeling. How Pineapple Can Support Weight Loss Low-Calorie Sweetness Pineapple delivers a naturally sweet flavor without the calorie load of sugary desserts, making it a heal...
Post a Comment
Read more