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Monday April 18, 2005 12:05 pm
Adobe Aqcuires Macromedia For $3.4 Billion
Adobe has announced that they will be acquiring Macromedia by purchasing all of their stock for $3.4 billion. Adobe and Macromedia are two of the industries leading companies for creative software. By combining the two companies, Adobe wants to help businesses communicate more efficiently and create titles that will enhance the creative software industry. “This is not a consolidation play. This is all about growth,” said Bruce Chizen, Adobe’s chief executive. “We’re doing this because we believe the combined offerings will be even more compelling to our customers given the challenges they’re going to face in trying to communicate information in this very complex environment.”
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