{"id":86830,"date":"2023-12-19T01:20:20","date_gmt":"2023-12-19T06:20:20","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=86830"},"modified":"2023-12-19T01:02:25","modified_gmt":"2023-12-19T06:02:25","slug":"adobe-and-figma-call-off-20-billion-acquisition-after-regulatory-scrutiny","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2023\/adobe-and-figma-call-off-20-billion-acquisition-after-regulatory-scrutiny.html","title":{"rendered":"Adobe and Figma call off $20 billion acquisition after regulatory scrutiny"},"content":{"rendered":"\n<p>CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/ADBE\/\">Adobe<\/a> and <a rel=\"noreferrer noopener\" href=\"https:\/\/www.figma.com\/\" target=\"_blank\">Figma<\/a>, the cloud-based design tool, will terminate their <a href=\"https:\/\/www.cnbc.com\/2022\/09\/15\/adobe-to-acquire-design-platform-figma-for-20-billion.html\">planned<\/a> $20 billion merger in light of regulatory hurdles, the companies <a rel=\"noreferrer noopener\" href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/796343\/000079634323000254\/adbe-20231217.htm\" target=\"_blank\">said<\/a> Monday. In a <a rel=\"noreferrer noopener\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/796343\/000079634323000254\/adbedecember182023pressrel.htm\" target=\"_blank\">statement<\/a>, the two companies said, \u201cthere is no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/12\/18\/adobe-and-figma-call-off-20-billion-merger.html\">To read this article:<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC) Adobe and Figma, the cloud-based design tool, will terminate their planned $20 billion merger in light of regulatory hurdles, the companies said Monday. In a statement, the two companies said, \u201cthere is no clear path to receive necessary regulatory [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86830","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=86830"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86830\/revisions"}],"predecessor-version":[{"id":86831,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86830\/revisions\/86831"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=86830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=86830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=86830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}