The administration has also gone after Facebook parent Meta and Google parent Alphabet for allegedly turning themselves into monopolies through buying smaller companies.
... [+]Key Facts
The suit could be filed as early as next month, according to Bloomberg, citing a source with knowledge of the case.to buy Figma on September 15—a deal most Wall Street analysts felt significantly overvalued the company, which makes website design software and lets multiple users collaborate on designs through the cloud, sending Adobe’s stock tumbling more than 25% by the end of September.
Prosecutors met with Adobe’s team Wednesday, according to Bloomberg—which is commonplace before antitrust lawsuits.Adobe still hopes to close the deal to buy Figma this year, a company spokesperson told Bloomberg.President Joe Biden’s administration has made several moves to ramp up antitrust enforcement, especially involving large tech companies.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Justice Department claims Google destroyed written records tied to antitrust suit: reportJustice Department officials on Thursday said Alphabet Inc.’s Google destroyed evidence related to an antitrust lawsuit that looks at how the company...
Weiterlesen »
Biden administration's secret weapon, Jill Biden, visits AfricaThe first lady has visited the African continent multiple times in the past, but her previous trips weren't as critical as this one.
Weiterlesen »
EU antitrust regulators to decide on Google's maths app buy by March 28EU antitrust regulators have set a March 28 deadline for their decision on Alphabet unit Google's acquisition of Croatian maths app Photomath, according to a European Commission filing on Wednesday.
Weiterlesen »
Explainer: How Microsoft is addressing antitrust concerns over Activision dealMicrosoft has thrown the gauntlet down over antitrust criticisms, saying on Tuesday it is ready to offer rivals licensing deals in exchange for regulatory approval of its $69 billion deal to purchase video game publisher Activision , but it would not to sell the latter's lucrative 'Call of Duty' franchise.
Weiterlesen »
DOJ pushes ahead with Google Maps antitrust probeThe DOJ has been meeting with Google’s competitors and customers to decide who would be the best witnesses in any potential lawsuit challenging the company's dominant market position in digital maps and location information.
Weiterlesen »
DOJ alleges Google destroyed chat messages that it was required to save during antitrust investigationThe alleged issue is one that previously came up in Epic Games' antitrust litigation against Google.
Weiterlesen »