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Adobe buys Macromedia

Discussion in 'General Discussions and Lounge' started by temi, Apr 19, 2005.

  1. temi

    temi Facilitator Webmaster

    Adobe wants to add Macromedia features to its products
    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.

    source/full story: news.bbc.co.uk/1/hi/business/4456895.stm

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