Adobe To Acquire Macromedia For $3.4 Billion

Businessweek:  Adobe announced today that it will acquire Macromedia in an all-stock transaction valued at approximately $3.4 billion. The deal is contingent upon the approval of both companies' stockholders and is expected to be completed by the fall - if approved by federal regulators. According to the article, combining the two businesses will allow them to create more powerful software programs that can be used across multiple operating systems, which should pave the way for expansion into new markets. "Customers are calling for integrated software solutions that enable them to create, manage and deliver a wide range of compelling content and applications -- from documents and images to audio and video," said Bruce Chizen, chief executive officer of Adobe. Through the complementary functionality of PDF and Flash – the companies have an opportunity to drive an "industry-defining" technology platform that delivers compelling, rich content and applications across a wide range of devices and operating systems...

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--Adobe to Buy Macromedia for $3.4 Billion