« My Day of Poor Customer Experiences | Main | Unrealistic Expectations and Bob Jones University »

Adobe Purchases Macromedia for $3.4 Billion

The Wall Street Journal tells me that "Adobe Systems Inc. announced the acquisition of Macromedia Inc. for $3.4 billion in stock in a deal that will bring together the software of two companies with broad resources to distribute documents, video and other media to personal computers, cellphones and hand-held devices."

Adobe CEO Bruce Chizen, who will continue as chief executive in the new company, said of the two companies "we are probably twins separated at birth." I think that's going a bit far, but this is a huge deal that could have giant implications for web developers.

The mergers and acquisitions continue!

· Adobe Systems Buys Macromedia In Stock Deal [WSJ, Subscription Req'd]
· Google News Articles

Posted in Business, Technology on April 18, 2005, 12:18 PM | Permalink

Comments

Post a comment




Remember Me?