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What's really wild about the Adobe/Figma and Nvidia/Arm examples in particular--and I'd add Lockheed/Aerojet to the list--is the target firms exited or are now valued at more than an incumbent monopolist was willing to pay... which itself is often an artificially high figure.

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The narrative that @linamkhan and @JKBustertruster "banned" tech M&A won't go away.
In reality, Biden antitrust enforcers undermined very few tech acquisitions--a handful.
I looked at how things turned out for the former target companies for @econliberties

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