Adobe: Wall Street has a goldfish memory







Photo credit © UzirePictures


(Boursier.com) — Adobe gives up 3% before market on Wall Street, the Bloomberg agency believing to know that the American Department of Justice would be on the point of blocking its project of acquisition of Figma for 20 billion dollars. The agency specifies that the DoJ would prepare an antitrust action to block this takeover of the graphics and design prototypes editor. The agency cites sources familiar with the matter as saying the antitrust lawsuit could be upheld as early as next month. Adobe said its business segments are different from those of Figma, which focuses on interactive designs. The group also says it is engaged in constructive discussions with regulators around the world. Adobe still intends to complete the operation this year…

The paradox with Wall Street is that the title Adobe had collapsed in September on the announcement of the potential deal, deemed too expensive, and is losing ground today on the rumor of a possible blockage!


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