Monday, April 18, 2005

Adobe to Acquire Macromedia in $3.4B Deal

Adobe Systems Inc., one of the world's largest providers of document-design software, will acquire Macromedia Inc. in an all-stock transaction valued at approximately $3.4 billion, the companies announced Monday.
Adobe's software includes the popular Acrobat and Photoshop program. San Francisco-based Macromedia makes the Dreamweaver and Flash web-design software.

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