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(business) Abobe purchases Macromedia for $3.4b (moved from ATSNN)

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posted on Apr, 18 2005 @ 03:47 PM
Adobe have purchased Macromedia to challenge Microsoft in the business documentation software section. They have a fear Microsoft will monopolise the adobe business. Adobe and Macromedia have expanded in the mobile technology and together will provide competition for Microsoft.
Shares in Macromedia have risen 10% on news its US rival Adobe is to buy it for $3.4bn (£1.8bn) and integrate its software with its own.
The agreement marks the latest move in the consolidation of the software industry. In December Symantec agreed to buy Veritas in a $13.5bn deal.

Under the terms of the acquisition, US-based Macromedia's shareholders will own 18% of the combined business

Please visit the link provided for the complete story.

Im glad to hear that Microsoft will not take over the world. Prices are ridculous already with Microsoft products. I think it is a very good idea to combine Macromedia and Adobe. Maybe we will end up with a standard program that reads pdfs, takes flash and shockwave. That would never beat Microsofts, lol

[edit on 18/4/2005 by Channy]

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