The Adobe exec behind the Figma deal expresses frustration over slow pace of regulatory approval
Summary
David Wadhwani, president of digital media at Adobe, speaks during The Wall Street Journals WSJ Tech Live conference in Laguna Beach, Calif., on Oct. 17, 2023. The two companies announced the tie-up in 13 months ago, and theyve been dealing with investigations from the U.S. Department of Justice and regulatory bodies in the United Kingdom and in the European Union. Microsoft lawyers dealt with pressure from the same three jurisdictions as Adobe, and they took on the U.S. Federal Trade Commission before a district court judge in San Francisco before ultimately winning approval to move forward. On Tuesday, Wadhwani, president of Adobes digital media business that includes the subscription-based Creative Cloud, and the key executive driving the transaction, said the company now expects to hear back from regulators in the next few months. Since revealing its intent to buy Figma, Adobe has been busy releasing and promoting tools for generative artificial intelligence that can develop images and other content in response to a few words of human input.
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