Adobe to buy Macromedia

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


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
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Author: Varun Krish

Varun Krish is a Mobile Technology Enthusiast and has been blogging about mobile phones since 2005. His current phones include the Apple iPhone 13 Pro and Google Pixel 6. You can follow him on Twitter @varunkrish and on Google+ You can also mail Varun Krish