Adobe Systems Incorporated (Nasdaq: ADBE) has announced a definitive agreement to acquire Macromedia (Nasdaq: MACR) in an all-stock transaction valued at approximately $3.4 billion. Under the terms of the agreement, which has been approved by both boards of directors, Macromedia stockholders will receive, at a fixed exchange ratio, 0.69 shares of Adobe common stock for every share of Macromedia common stock in a tax-free exchange. Based on Adobes and Macromedias closing prices on Friday April 15, 2005, this represents a price of $41.86 per share of Macromedia common stock.
The combination of Adobe and Macromedia strengthens our mission of helping people and organizations communicate better. Through the combination of our powerful development, authoring and collaboration tools and the complementary functionality of PDF and Flash we have the opportunity to drive an industry-defining technology platform that delivers compelling, rich content and applications across a wide range of devices and operating systems.
http://www.adobe.com/aboutadobe/invrelations/adobeandmacromedia.html
http://www.macromedia.com/macromedia/proom/pr/2005/adobe_macromedia.html
All I can say is holy crap. Adobe CS3 is going to be one hell of a suite. Huge I tell you, HUGE.
The combination of Adobe and Macromedia strengthens our mission of helping people and organizations communicate better. Through the combination of our powerful development, authoring and collaboration tools and the complementary functionality of PDF and Flash we have the opportunity to drive an industry-defining technology platform that delivers compelling, rich content and applications across a wide range of devices and operating systems.
http://www.adobe.com/aboutadobe/invrelations/adobeandmacromedia.html
http://www.macromedia.com/macromedia/proom/pr/2005/adobe_macromedia.html
All I can say is holy crap. Adobe CS3 is going to be one hell of a suite. Huge I tell you, HUGE.
