Adobe stock drops on report DoJ will seek to block Figma deal

Adobe Inc.
ADBE,
-0.49%
shares dropped in the extended session Thursday following a report that the Department of Justice was preparing to block the company’s $20 billion acquisition of Figma. Adobe shares fell more than 5% after hours, adding to a 0.5% regular session decline to close at $347.02. The stock started sliding after hours following the report from Bloomberg News. A similar report surfaced back in November, that time from Politico.