SAN JOSE, Calif. - Adobe Systems Inc., one of the world's largest providers of document-design software, will acquire Macromedia in an all-stock transaction valued at approximately $3.4 billion, the companies announced Monday.
Combining the two businesses, the companies said, will allow them to create more powerful software programs that can be used across multiple operating systems, which should pave the way for expansion into new markets.
"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.
Combining the two businesses, the companies said, will allow them to create more powerful software programs that can be used across multiple operating systems, which should pave the way for expansion into new markets.
"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.
http://story.news.yahoo.com/news?tmp...obe_macromedia
All I can say is WOW... did not expect this but it looks like a match made in heaven
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