Monday, April 18, 2005

WSJ.com - Adobe Systems Buys Macromedia In Stock Deal

WSJ.com - Adobe Systems Buys Macromedia In Stock Deal: "Adobe Systems Inc. announced the acquisition of Macromedia Inc. for $3.4 billion in stock in a deal that will bring together the software of two companies with broad resources to distribute documents, video and other media to personal computers, cellphones and hand-held devices.
The transaction, part of the long-expected consolidation in the software industry, also could set the stage for an anticipated showdown with Microsoft Corp., of Redmond, Wash."

I've seen this one coming for years, but I didn't think it would take so long.
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