April 18, 2005
Adobe Announces Acquisition of Macromedia
Adobe, maker of Acrobat and Photoshop, announced this morning it will acquire Macromedia, maker of Dreamweaver and Flash, for $3.4 billion in stock. Each Macromedia share will convert to 0.69 shares of Adobe which is a 25% premium ($41.86) to Friday's close.The combined company wants to dominate the graphics, layout, and animation software vertical against the evil empire of Microsoft. I don't know about the complentary combinatin of PDFs and Flash, but let them give it a try.
