FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups Absolute Insight 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 
 RegisterRegister 
 
Adobe Agrees to buy Macromedia for $3.4 Billion

 
Post new topic   Reply to topic    Absolute Insight Forum Index -> Articles

Haggs Reply with quote
AI Team Member


Joined: 05 May 2004
Posts: 2723
Location: Minneapolis, Minnesota
PostPosted: Mon Apr 18, 2005 6:31 pm    Post subject: Adobe Agrees to buy Macromedia for $3.4 Billion
 
According to CNN, Adobe Systems Inc. (known for programs such as Acrobat Reader, Photoshop, Illustrator, and more) announced today that it has agreed to purchase Macromedia Inc. (the producer of website development software, Dreamweaver) in a $3.4 billion stock deal. The deal is not set to close till Q3 2005, but the current terms of the deal will allow Macromedia shareholders to get 0.69 shares of Adobe for each share of Macromedia in a stock swap. This stock swap offers Macromedia shareholders an enormous 25% premium. Consumers could be looking forward to an increase in cross compatibility between Macromedia's Dreamweaver and Adobe's line of productivity software.
Back to top
kompakt Reply with quote
Innovator


Joined: 17 Jun 2004
Posts: 1475
Location: Eden Prairie, MN
PostPosted: Mon Apr 18, 2005 7:47 pm    Post subject:
 
i smell monopoly.
Back to top
Post new topic   Reply to topic    Absolute Insight Forum Index -> Articles
Page 1 of 1

Choose Display Order
Display posts from previous:   
User Permissions

 
Jump to:  


Skin Created by: Sigma12
Powered by phpBB © 2001, 2002 phpBB Group