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Adobe to buy Macromedia for $3.4 billion


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#1 Scarlett

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Posted 18 April 2005 - 02:47 PM

Adobe Monday said it has reached a definitive agreement to acquire Macromedia for $3.4 billion in stock. By Scarlet Pruitt and Martyn Williams IDG News Service, 04/18/05 The deal would combine the companies' document management, Web publishing and online video delivery tools, putting Adobe squarely in the path of rival Microsoft, analysts said. Between the two of them, Adobe, in San Jose, and Macromedia, in San Francisco, have some of the most widely-distributed software in the world. Adobe's PDF and Acrobat Reader software is common on most desktops, and Macromedia's Flash products are widely used to create and view animation, video and other content.
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