Adobe Acquires Macromedia
Adobe and Macromedia announced today that Adobe will be acquiring Macromedia in an all-stock transaction valued at approximately $3.4 billion.
"Customers are calling for integrated software solutions that enable them to create, manage and deliver a wide range of compelling content and applications - from documents and images to audio and video," said Bruce Chizen, chief executive officer of Adobe. "By combining our powerful development, authoring and collaboration software - along with the complementary functionality of PDF and Flash - Adobe has the opportunity to bring this vision to life with an industry-defining technology platform."
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