ADOBE ACQUISITION
Mochatrade raises $5.5 million to bring US stock trading closer to Indian traders
Mochatrade has raised $5.5 million in funding to enhance its trading platform for Indian users. The platform allows users to trade US stocks without needing a US brokerage account. It also permits Indian traders to manage funds in rupees, simplifying the entire trading experience. Future plans include introducing contracts linked to pre-IPO companies and other features.
I’ll believe it when I see it: Figma boss on AI restraint calls
“It’s a nice thing to say, and I’ll believe it when I see it,” the 33-year-old Field -- one of the youngest American billionaires --told ET in an interview in Bengaluru. The NYSE listed firm with a market cap of $11 billion, famously rejected a $20 billion acquisition bid from Adobe. While AI tools are getting more advanced and capable, one can’t outsource their creative thinking to AI as there will be “no differentiated work” anymore in the world.
Trump's bid to curb techies may end up benefiting India
Trump’s tightening of H-1B and PERM rules could hurt Indian IT companies in the short term but may also accelerate the shift of more US technology work to India, former HCLTech CEO Vineet Nayar argues. The bigger opportunity would be for Indian firms to move beyond manpower-heavy outsourcing towards higher-value work in AI, product engineering, cybersecurity and technology ownership.
81-year-old billionaire John Poindexter with no wife or children plans to spend his entire net worth reviving a Texas ghost town with just 25 residents
John Poindexter, an 81-year-old Texas billionaire with no wife or children, plans to use his fortune to restore Shafter, a former silver-mining ghost town in Texas with only about 25 residents. John Poindexter earned money slowly and his foundation’s plans include a resort, living history museum, rebuilt historic buildings and overnight stays in adobe homes.
Adobe’s next boss joins a powerful club: Meet the Indian-origin CEOs running the world’s biggest companies
Adobe’s next CEO Anil Chakravarthy is joining a powerful club. From Microsoft and Google to Chanel, FedEx and Micron, Indian-origin executives now run companies spanning technology, banking, luxury, pharmaceuticals and manufacturing. Here are the leaders occupying some of the biggest corner offices in global business.
After 18 years at helm, Shantanu Narayen passes reins to Anil Chakravarthy
Chakravarthy had been president of Adobe’s customer experience orchestration business and worldwide field operations, having joined the company in January 2020 from global enterprise cloud data management firm Informatica. Meanwhile, Narayen will transition to executive chairperson in December, the company said in a statement.
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Adobe acquires PeakXV-backed AI startup Rilo to expand marketing automation
Rilo cofounder Dhruv Jaglan announced the acquisition in a LinkedIn post, saying the startup would join Adobe to “help bring AI to Fortune 500 marketers”. Financial details of the transaction were not disclosed.
Musk’s $60 billion Cursor bet has an Indian link: Meet 26-year-old Aman Sanger caught in Sam Altman feud
Aman Sanger, the 26-year-old co-founder of AI coding startup Cursor, is at the centre of Elon Musk’s $60 billion SpaceX acquisition. Born to Indian immigrant parents, Sanger’s family has IIT Bombay and Wall Street connections. The deal has also intensified tensions between Musk and OpenAI CEO Sam Altman after OpenAI ended its Cursor relationship.
Who is Aman Sanger? How the 25-year-old Indian-origin entrepreneur became one of the youngest billionaires after Elon Musk’s SpaceX acquired his AI startup Cursor for $60 billion
Aman Sanger, an entrepreneur is pivotal in SpaceX's transformative $60 billion deal to acquire Anysphere, the innovator of the AI coding platform known as Cursor. This acquisition has rapidly elevated Sanger and his co-founders to billionaires within the tech landscape. Founded in 2022, Cursor enhances coding by enabling natural language interactions, perfectly aligning with Elon Musk's expansive vision for AI integration across his enterprises.
Adobe to buy software provider Semrush in $1.9 billion deal
Adobe will pay $12 per share for the company, representing a premium of around 77.5% to Semrush's closing price on Tuesday. Semrush shares jumped 55% in premarket trading.
Figma reveals revenue, profit growth in US IPO filing
Figma reported higher revenue and profit for early 2025 as it readies a NYSE IPO, over a year after its $20 billion sale to Adobe was scrapped. With strong growth and AI investment plans, the listing is set to be one of the year's most anticipated public offerings.
Why has Adobe and Figma called off $20 billion merger
Adobe and Figma's $20 billion merger, aimed at reshaping creativity, crumbles under regulatory scrutiny. As Adobe's CEO cites shared vision but clashes with regulators, a $1 billion reverse termination fee marks the end, pushing both companies to chart independent paths.
Adobe to defend Figma deal at December 8 EU hearing
The European Commission two weeks ago warned that the deal may reduce competition in the global market for the supply of interactive product design software where market leader Figma competes with Adobe.
UK regulator says Adobe's $20 billion Figma deal could harm sector
The deal would eliminate competition and remove Figma as a threat to Adobe's flagship Photoshop and Illustrator products, according to findings from an in-depth probe that the Competition and Markets Authority (CMA) launched in July, after Adobe refused to offer concessions to ease its concerns.
ETtech Exclusive | Adobe acquires Lightspeed-backed Indian generative AI startup Rephrase.ai
This also marks the first-ever deal for Adobe in the generative AI and video-tooling space. It also makes Rephrase the first Indian startup to be acquired by Adobe, which has largely made acquisitions in its home market, the US, and in Europe.
Adobe's Figma deal faces EU competition investigation
The European Commission said it opened a full-scale investigation into the deal after a preliminary review triggered concerns, confirming a Reuters story last month.
Adobe's $20-billion Figma buyout deal under UK competition watchdog scanner
UK Competition and Markets Authority (CMA) said it has set June 30 as the deadline for its phase 1 decision on the Adobe-Figma deal.
Adobe launches generative AI model Firefly
The new AI model will also be available for use in other products offered such as Creative Cloud, Document Cloud, Experience Cloud and Adobe Express offered by the company.
Adobe buys Figma for $20 Billion. Details here
Adobe bought Figma for $20 Billion and thereby wiped out its biggest competitor in digital design, making it the biggest news for the world of digital creative technology.
Infosys to acquire Blue Acorn iCi for up to USD 125 million
Infosys said the move further strengthens the company’s end-to-end customer experience offerings. It added that Blue Acorn iCi will bring significant cross-technology capabilities through the convergence of customer experience, digital commerce, analytics, and experience-driven commerce services.
Infosys to acquire Blue Acorn iCi for up to $125 mn
“The move (to acquire) further strengthens Infosys’ end-to-end customer experience offerings and demonstrates its continued commitment to help clients navigate their digital transformation journey,” the IT major said in a statement.
Adobe in talks to buy marketing software firm Marketo: Sources
Private equity firm Vista Equity Partners Management LLC took Marketo private two years ago for $1.8 billion.
Adobe India head Naresh Gupta to quit by March-end
Gupta joined Adobe — best known for the PDF document format, Photoshop, and Flash — in 1996 and founded Adobe's R&D operation in India in 1997.
Microsoft mulls possible acquisition of Adobe Systems: Report
A UK daily pointed out that Adobe was long seen as a more likely acquisition target for Apple, before a recent rift between the companies.
It’s a Flash: MS buzz propels Adobe stock
Adobe Systems shares surged 12% after a New York Times report fuelled speculation that Microsoft may work more closely with the company or possibly acquire it.
Microsoft boss silent on possible Adobe acquisition
Microsoft chief executive Steve Ballmer refused to comment Friday when asked if the titan was interested in buying US software maker Adobe.
Adobe shares skyrocket on Microsoft buy report
Adobe Systems Inc's stock skyrocketed on Thursday after a media report stirred speculation it might become an acquisition target for Microsoft Corp.
Adobe to acquire Omniture for $1.8 bn
Adobe Systems Inc today said it will acquire Omniture, an online business optimisation software provider, for about $1.8 billion.
Adobe merges business units serving PCs, mobile
Adobe Systems Inc said on Monday it was merging separate business units that sell software to design programs for computers, the Web, mobile phones and consumer electronics.
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