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Adobe Buys Macromedia - PCstats.com Adobe Buys Macromedia
Mon, April 18 2005 | 1:40PM | PermaLink Feedback?
Whoa, Adobe is going to buy Macromedia for $3.4 billion! That's news to me...

The all-stock deal, announced Monday, is designed to create a better-stocked source of tools for building and distributing multimedia content across a range of operating systems and devices, the companies said. They also stressed that the merger will enable them to expand more rapidly into the market for audio and video applications for handhelds and other gadgets.

FULL STORY @ Archived from NEWS.COM
http://news.com.com/Adobe%2Bto%2Bbuy%2BMacromedia%2Bfor%2B3.4%2Bbillion/2100-1014_3-5674501.html?tag=nefd.lede
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