Tech Brew Ride Home Mon. 12/18 – Adobe And Figma Call Off Their Merger
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Dec 18, 2023 Adobe and Figma's $20 billion merger has been shelved due to regulatory hurdles. Apple may stop selling its premium Apple Watch models in the U.S. amid patent issues. In a surprising turn, Hollywood studios are now eager to license content back to Netflix, driven by financial constraints. Meanwhile, the EU has launched an investigation into X's handling of illegal content, highlighting ongoing tech industry challenges. Plus, intriguing developments within Threads aim to improve compatibility with the Fediverse, while espionage allegations surround a key figure in the Wirecard scandal.
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Adobe-Figma Merger Termination
- Adobe and Figma ended their $20 billion merger due to regulatory hurdles in the UK and EU.
- Adobe will pay Figma a $1 billion termination fee.
Apple Watch Sales Halt
- Apple might stop selling Apple Watch Series 9 and Ultra 2 in the US due to an ITC patent ruling.
- This follows a dispute with Massimo over blood oxygen sensor technology.
EU Investigation into X
- The EU opened a DSA investigation into X (formerly Twitter) over illegal content, disinformation, and UI design.
- This follows criticism of X's handling of misinformation during the Israel-Hamas conflict.