Adobe to acquire Macromedia
Not sure if I should be happy or curl up and be scared.
"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."
I have been using both companies’ products for quite some time and even an Allaire product before Macromedia acquired them. I can honestly say I approve of the merger but am also very worried about the quality of products Adobe will now be releasing. (i.e. Photoshop and Illustrator are excellent tools but their HTML editors are and have always been shit, heck even for free I wouldn't use them let alone recommended them to anyone else. Macromedia on the other hand,.... Hit or miss (HTML tools excellent, graphics products,... so so)
Related Web URL: http://www.adobe.com/aboutadobe/invrelations/adobe...
