U.S. Stocks Close Lower as Hot PPI Data, Nvidia Slide Weigh on Wall Street 
Hyundai Motor Group to Invest $6.26 Billion in AI Data Center, Robotics and Renewable Energy Projects in South Korea 
China’s New Home Prices Post Sharpest Drop Since 2022 Amid Ongoing Property Slump 
Middle East Airspace Shutdown Disrupts Global Flights After U.S.-Israel Strikes on Iran 
IMF Urges U.S. to Cut Fiscal Deficit to Reduce Trade and Current Account Gaps 
Asian Stocks Rise on Nvidia Earnings Boost; Yen Weakens as BOJ Rate Outlook Clouds 
Tokyo Core Inflation Slows Below 2%, Complicating BOJ Rate Hike Outlook 
Meta Signs Multi-Billion Dollar AI Chip Deal With Google to Power Next-Gen AI Models 
Strait of Hormuz Oil and LNG Shipments Disrupted After U.S.-Israel Strikes on Iran 
FCC Approves Charter Communications’ $34.5 Billion Acquisition of Cox Communications 
OpenAI Pentagon AI Contract Adds Safeguards Amid Anthropic Dispute 
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade 
Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding 
Oil Prices Steady as US-Iran Nuclear Talks and Rising Crude Inventories Shape Market Outlook 
USITC to Review Impact of Revoking China’s PNTR Status, Potentially Raising Tariffs on Chinese Imports 
Pentagon Weighs Supply Chain Risk Designation for Anthropic Over Claude AI Use 
Adobe computer software company is investing $20 billion to buy Figma design platform. It was reported that investors were alarmed by the move and the company's shares also dropped after the deal was reported.
Adobe Inc. revealed on Thursday, Sept. 15, that it has agreed to acquire Figma software firm for the future of the company. The latter is known to offer products that are being used by software developers for collaborative web applications for interface design.
According to Reuters, the $20 billion price tag of the acquisition deal has brought discomfort to investors as the value is too high. They have also grown concerned because the deal also caused the company's market value to drop by more than $30 billion.
Despite these worries, Shantanu Narayen, Adobe's chairman and chief executive officer, said the purchase of Figma offers a long line of new opportunities for the firm. He described Figma as "the future of work"; thus, by combining Adobe and Figma's product offerings, such as the Acrobat and Figjam online whiteboard, they will achieve a new level of success.
Adobe Inc. will be paying Figma in cash and stock, and this acquisition will officially expand its design software portfolio. It was noted that the company that is already offering popular editing applications, including Photoshop and After Effects, is continuing to add new ventures to further widen its tools space.
"Adobe's greatness has been rooted in our ability to create new categories and deliver cutting-edge technologies through organic innovation and inorganic acquisitions," Adobe's CEO said in a press release. "The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity."
Figman's co-founder and CEO, Dylan Field, also added, "With Adobe's amazing innovation and expertise, especially in 3D, video, vector, imaging and fonts, we can further reimagine end-to-end product design in the browser, while building new tools and spaces to empower customers to design products faster and more easily."
Finally, Adobe's president of the digital media business, David Wadhwani, said they are looking forward to the collaboration with the incredible team of Figma. He said that this deal would definitely scale up their joint mission of reimagining the future of creativity and productivity.
