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.