Adobe Inc. has reported record earnings for the third quarter of 2024, achieving higher-than-expected revenues and solidifying its leadership in digital media and content creation. However, despite the stellar financial performance, Adobe’s stock experienced a decline as the company issued a more cautious outlook, raising concerns among investors about future growth prospects amid economic uncertainties. […]
In a surprising turn of events, Adobe (Nasdaq:ADBE) and Figma announced the mutual termination of their previously announced merger agreement, initially slated for a mix of cash and stock consideration and announced in September 2022. Regulatory Hurdles Halt the Acquisition Both companies, while believing in the merger’s procompetitive benefits, have determined that there is no […]
Adobe acquisition of Figma : Computer software giant Adobe has signed a cash and stock deal worth nearly $20 billion to acquire web-first collaborative design platform Figma. Established in 2012 by Dylan Field and Evan Wallace, Figma is a collaborative web application that enables the collaboration of people who design interactive mobile and web applications […]