Adobe buys Macromedia for $3.4 billion

SOFTWARE FIRM Adobe has snapped up Macromedia for $3.4 billion.

It’s an obvious fit. The deal is being accounted for by shares and is expected to close by the end of this year.

Stephen Elop, Macromedia’s CEO will become president of worldwide field operations at Adobe

Thats about it. More details I am sure will show themself before long.

The Story Was Found @ TheInquirer

A link to the Hexus website with the full story can be found here

A link to the orginal PDF file (Well I guess that to be expected) can be found here

another huge acquisition…software production/distribution/retail is going the way of big media conglomeration. sad day for all of us really.

I don’t know if we should be happy about this. Although I am quite fond of the Adobe products, I fear that by wiping out big parts of the competition will lead to a less ideal situation. Monopoly…?

I wonder how much you’ve paid for them :slight_smile:

Sheesh . . . one high priced software company buys out another . . . :smiley:


Just hope I don’t get all my e mail funnies with Adobe vs Macromedia and Shockwave!!

Well I have two Adobe licenses. Photoshop, came with my digicam, and Creative Suite CS, payed for by some guy I dev(ved) some stuff for. So I did not pay a thing (although you of course pay for the software that comes with a digicam) but I still have two legal licenses :slight_smile:

Wow… I wasn’t expecting that. I like Adobe, and Macromedia.

I guess time will tell what will happen…