Adobe and Macromedia are one
After 6 months Macromedia has found a new place to call home and Adobe has a new child.
The deal is done, the ink is dry, and Macromedia has a new home. Following an announcement last April Adobe and Macromedia started the final preparations to merge the Macromedia product line into Adobe. On December 3, the transaction was finalized. The deal was worth about 3 Billion dollars. Macromedia brings to Adobe a number of cool new toys including Flash technology.
As a result of the merger Macromedia’s Stephen Elop has joined Adobe as president of worldwide field operations. Bruce Chizen remains as CEO of Adobe. However some Macromedia employees will either be relocated or downsized due to duplication in resources.
Macromedia investors will receive about 1.3 shares of Adobe common stock for every one share of Macromedia stock. In addition the Macromedia logo will not longer appear on new products.
Overall I think this is a good move for both companies. It combines some powerful technologies that will in the end benefit the consumer when working with digital content be it web, print, mobile, or video.
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Comments
WOW. Both companies are great providers, but i never thought they woult merge! Everyone knows that Flash is from Macromedia, but adobe? WHY?! They are gonna make a killer suite, though I feel they would be better off seperate...brrrrrrrrr...........
Posted by Nicholas St.Pierre on 18:37, December 11 2005
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