Adobe Buys Macromedia for $3.4 Billion

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Adobe Buys Macromedia for $3.4 Billion
By Nate Mook, BetaNews
April 18, 2005, 9:56 AM

In a stock deal valued at $3.4 billion, Adobe on Monday announced it has acquired rival Macromedia. The merger, which brings together Adobe's ubiquitous PDF document format and graphics suite with Macromedia's market-leading animation tools, pits the combined company squarely against Microsoft.

Under the buyout terms, Macromedia shareholders receive 0.69 shares of Adobe for every Macromedia share. The number represents a 25 percent premium over Macromedia's stock price. The deal is expected to close in the fall pending regulatory approvals.

Adobe CEO Bruce Chizen will retain his ...
출처:http://www.betanews.com/article/Adobe_Buys_Macromedia_for_34_Billion/1113832582


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