Moby Dick Swallows Little Mermaid.
My sources have informed me that Adobe has acquired Macromedia for $ 3.4 Billion and that the Shares in Macromedia rose 10% on news its US rival Adobe is to buy it for $3.4bn (£1.8bn) and integrate its software with its own.
Under the terms of the acquisition, US-based Macromedia's shareholders will own 18% of the combined business. With the addition of Macromedia's products - which include computer animation, and Dreamweaver and Flash web-design software, for use on the internet and mobiles - Adobe hopes to meet the need from businesses for more integrated software.
Lets hope they are better together.
posted by Ayush Gupta @ 6:44 AM
5 Comments:
That is old news.Though the deal appears to be closed completley now,the deal was made public and official as early
as April 2005.Seems like you are going to lose your pal Firworks..they planned to merge it with Photoshop when I first read the news.
Yes Ayush, thats very very very old. If I am not wrong, older than April 2005.
Regards
(Siddharth Razdan)
Was some surprise when I heard it.. yeah was around April. Though it was a bit likely, with Macromedia & Adobe having what the other wanted. Maybe Adobe made an 'offer that Macromedia couldn't refuse'. :-) We might witness a PDF-type format war soon though..
Yes, I happen to be aware of the fact that Adobe Systems announced an agreement to acquire Macromedia on April 18th, but it was accomplished on December 3rd.
Yeah...And its already starting to show.Illustrator CS2 has revolutionary new feature(For drawing vector apps.)called Live Paint that enables users to convert objects in Illustrator to curves like in Flash while Flash 8 has a feature which unables it to make objects like in Illustrator,relieving users of both the application of a lot of headache.Ah..the power of Adobe and macromedia combined...:-)
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