Adobe to close Macromedia deal on Saturday
By Our Corporate Bureau | 03 Dec 2005
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San Jose: Adobe Systems Inc. expects to close its acquisition of Macromedia Inc. on Saturday, the company said.
The US$3.4 bn acquisition will see Macromedia shareholders receive 1.38 shares of Adobe common stock for each share of Macromedia common stock they own at the closing of the acquisition. Adobe hopes that by acquiring Macromedia it can expand its business in the Web publishing market.
The deal will combine Adobe's popular Acrobat document creation software and Photoshop imaging software suite with Macromedia's Flash multimedia authoring environment and Dreamweaver development suite.
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