Adobe to buy Macromedia

Submitted by Varun Krish on April 18, 2005 – 3:21 pm

Adobe Systems today announced a definitive agreement to acquire Macromedia in an all-stock transaction valued at approximately $3.4 billion.

Adobe has recently released version 2 of its market-leading digital content-creation application collection, Creative Suite � featuring Photoshop, InDesign, Illustrator, GoLive and Acrobat.

Macromedia’s software portfolio includes the Studio MX products Dreamweaver, Flash, FreeHand, and Fireworks. Other Mac products Director and Contribute.

Soon after the release of the Macintosh Apple bought 15 per cent of Adobe, and alongside Aldus PageMaker the two companies pioneered the desktop publishing revolution with the combination of Apple’s Mac graphical user interface and LaserWriter printers and Adobe’s PostScript font software.

In July 1989 Apple sold all 3,423,792 shares of its common stock holdings of Adobe, netting $79 million
Read more