Register
Demo
Contacts
 

Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Adobe refused to purchase Figma

December, 18 2023
watermark Economic news

The American company Adobe Inc. She refused the deal to purchase the owner of the Figma interface design service. This decision was made due to doubts about obtaining approvals from antitrust regulators in the UK and the eurozone.


The deal between Adobe and Figma was announced last September and was worth $20 billion. However, in November, the British Competition and Markets Authority (CMA) expressed concerns about the impact of the deal on competition in the field of digital design. The CMA believes that the deal could limit innovation and the creation of new competitive products.


Figma, founded in 2011, provides a service for designing online interfaces for websites and mobile applications. It is a non-public company and is rapidly gaining popularity among designers and developers.


The rejection of the deal means that Adobe and Figma will continue to operate independently of each other. Adobe shares rose 1.3% after this news and have increased their value by 74% since the beginning of this year.


World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.