Monday, April 18, 2005
Adobe To Acquire Macromedia
Posted by Suhit Gupta in "NEWS" @ 05:00 AM
"Adobe Systems Incorporated (Nasdaq: ADBE) has announced a definitive agreement to acquire Macromedia (Nasdaq: MACR) in an all-stock transaction valued at approximately $3.4 billion. Under the terms of the agreement, which has been approved by both boards of directors, 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."
Wow, this news is huge. It not only shows Adobe's commitment to digital media, but also perhaps gives us a hint about what's in Adobe's future. I hope this doesn't turn out to be another HP. ;-) Do you think this is a wise investment?
Wow, this news is huge. It not only shows Adobe's commitment to digital media, but also perhaps gives us a hint about what's in Adobe's future. I hope this doesn't turn out to be another HP. ;-) Do you think this is a wise investment?
