Shockwave news. Adobe Systems Incorporated (Nasdaq: ADBE) today announced a definitive agreement to acquire Macromedia (Nasdaq: MACR) in an all-stock transaction valued at around US $3.4 billion. Macromedia stockholders will receive, at a fixed exchange ratio, 0.69 shares of Adobe common stock for every share of Macromedia common stock in a tax-free exchange. Based on Adobe’s and Macromedia’s closing prices on Friday April 15, 2005, this represents a price of $41.86 per share of Macromedia common stock.
The combination of Adobe and Macromedia probably means that some of the programs from both of the companies will be discontinued. I wonder which ones they will be? Anybody using Adobe Audition out there? Pleased with it? I never really got used to Adobe Premiere, prefering Videofactory (now owned by Sony) for editing on the Windows Platform.
Wonder if this marriage of two big platforms making Mac software is a goof thing for Mac Users? Great if it means they get the best of both worlds. Bad news if they get lazy as a result of a lack of competition. Time will tell.