Adobe Buys Macromedia in $3.4B Stock Deal
Thursday, April 21st, 2005
By MATTHEW FORDAHL, AP Technology Writer
SAN JOSE, Calif. - By acquiring rival software maker Macromedia Inc. in a deal originally valued at $3.4 billion, Adobe Systems Inc. is positioning itself to do battle with Microsoft Corp. over the tools to create, distribute and manage content online.
The deal, announced Monday, would put Adobe’s ubiquitous Acrobat document-sharing program under the same roof as Macromedia’s Flash software for creating and viewing interactive content on Web sites independent of operating systems or devices.