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Article: Adobe to acquire Macromedia.(POST NEWS)
- Article from:
- Post
- Article date:
- May 1, 2005
CopyrightCOPYRIGHT 2005 Post LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LAS VEGAS -- During the NAB show here in April, San Jose's Adobe Systems (www.adobe.com), makers of After Effects, Premiere and Acrobat, announced a definitive agreement to purchase San Francisco's Macromedia (www.macromedia.com) in an all-stock transaction that is valued at $3.4 billion. Macromedia makes Dreamweaver MX and Flash MX. The transaction should close this fall.
According to Adobe, the mission of the combined company is to "help people and businesses communicate better." With the acquisition of Macromedia, ...