Adobe Acquires Macromedia Creating a Software Power House
Found in ... Some Kind`a News , Technoramblings
Watching the business report this morning on channel 7 news -I think the chick is hot- I was shocked to hear that Adobe has acquired Macromedia. Not completely sure this was fact, I went to Macromedia's website to see if there was any sign of change. Already the title flash has Adobe incorporated into it. Is this a good merger? I would think so and it's moments like this where I wish I had more money to play with. I would love to get into some Adobe stock after this news.
April 18 (Bloomberg) -- Adobe Systems Inc., maker of Acrobat and Photoshop software, agreed to buy Macromedia Inc. for about $3.4 billion, adding programs that display images and sounds on Web pages. Investors will receive 0.69 share, worth $41.86 at the close of trading April 15, for each Macromedia share, San Jose, California-based Adobe said in a statement today. That values San Francisco-based Macromedia at a 25 percent premium.I am a hobby user of Fireworks and Photoshop CS, both must haves for web design enthusiasts. I can not even fathom how powerful these applications will become after joining forces.
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