Adobe Leads Day Of Breakups
Most of today’s stories were related to hookups in the market, but we also need to touch on some major breakups. 💔
The first and most prevalent news story was that Adobe and Figma have called off their $20 billion acquisition. The two companies have faced intense scrutiny from European regulators, today saying, “There is no clear path to receive necessary regulatory approvals from the European Commission and the U.K. Competition and Markets Authority.” ❌