 expects to get an EU antitrust warning on its $20 billion bid for cloud-based designer){kind=link}
EconomyGovernment
16 November 2023, 4:32 pm 1 minute
Reuters exclusively reported that Photoshop maker Adobe (ADBE.O) expects to get an EU antitrust warning on its $20 billion bid for cloud-based designer platform Figma and is open to proposing remedies to resolve regulatory concerns.
Market Impact
The Adobe deal comes amid heightened regulatory scrutiny around the world on Big Tech acquisitions which boost dominant companies’ market power or those involving start-ups seen as nascent rivals. The negotiators also agreed to add aluminium to the list of strategic raw materials as well as synthetic graphite. Natural graphite was already in the list. The latter inclusion reflects China’s plan to tighten export controls for graphite. China refines over 90% of the world’s graphite into material that is used in almost all electric vehicle anodes, the negatively charged portion of the battery.
Article Tags
Topics of Interest: EconomyGovernment
Type: Reuters Best
Sectors: Economy & PolicyGovernment & Public ServicesTechnology
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story