Adobe to acquire Macromedia
Tuesday, April 19, 2005 SAN JOSE, Calif. - Software maker Adobe Systems Inc. it will acquire Macromedia Inc. in an all-stock transaction valued at approximately $3.4 billion.
Soon after, Adobe updated its webhome with this pic :-)
Macromedia is known for its Dreamweaver Web-design program and for Flash, which animates and adds interactivity to Web pages. Adobe's software includes the Acrobat program for creating and reading documents, as well as the Photoshop program for working with digital photographs.
Both companies said the long-rumored acquisition was not to consolidate and cut costs but to help Adobe expand into new markets, particularly providing content to mobile phones and other hand-held devices.
Macromedia, based in San Francisco, recently announced tools for expanding its reach into mobile devices.
The transaction, contingent upon approval of regulators as well as the shareholders of both companies, is expected to be completed by the fall. The combined company would keep Adobe's name.