Tom's Hardware Guide: Tom's Hard News: "Adobe to acquire Macromedia in $3.4 billion deal
By Wolfgang Gruener, Senior Editor
April 18, 2005 - 11:10 EST
San Jose (CA) - Adobe announced Monday that it entered an agreement to acquire Macromedia for about $3.4 billion in stock. The companies will combine their software into integrated solutions and hope to expand their reach into mobile and enterprise markets.
The largest purchase in the firm's history will provide Adobe with a broad set of software that is not only believed to strengthen its position in targeting print and online document publishers, graphic designers, video editors and animation developers, but also defend the company against increasing competition especially from Microsoft."