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Article: Adobe to acquire Macromedia.(NEWS & NOTES: News & Business Briefs)

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Photo Trade News
Article date:
May 1, 2005
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Adobe Systems Inc. announced it will be acquiring Macromedia in an all-stock transaction, valued at approx. $3.4 billion. The acquisition is expected to close this Fall, and is subject to customary closing conditions.

"Customers are calling for integrated software solutions that enable them to create, manage and deliver a wide range of compelling content and applications--from documents and images to audio and video," said Bruce Chizen, CEO of Adobe. "By combining our powerful development, authoring and collaboration software--along with the complementary functionality of PDF and Flash--Adobe has the ...

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