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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 Permalink
on April 18, 2005, 12:18 PM |