Wednesday, March 29, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Windows 10 Creators Update Coming April 11
Samsung Galaxy S8 and S8+ Are Official, Along With Bixby And New Gear 360
Razer Blade Pro IS The First THX Certified Gaming Laptop
Lenovo Makes Pro Virtual Reality Accessible With the ThinkStation P320
Intel Details 10, 22nm Processes, Proposes Transistor-density Metric
U.S. House Voted Against Broadband Privacy Rules
SK Hynix Offers More Than $9 billion for Toshiba Chip Unit: report
Toshiba's Nuclear Unit Westinghouse Files for Bankruptcy
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Adobe t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, April 18, 2005
Adobe to buy Macromedia for $3.4 billion


Adobe has reached a definitive agreement to acquire Macromedia for $3.4 billion in stock, the company announced today.

The deal, which has been approved by both boards of directors, will see Macromedia shareholders receive 0.69 shares of Adobe common stock for each Macromedia share they hold, Adobe said in a statement. Based on Friday's closing prices, this values each Macromedia share at $41.86, considerably above the market value of $33.45.

The top two executives at Adobe will retain their positions once the acquisition has been completed, which is expected in the second half of the year. Bruce Chizen will remain its chief executive officer and Shantanu Narayen will remain president and chief operating officer. Macromedia's president and chief executive officer, Stephen Elop, will become president of worldwide field operations at Adobe.


Previous
Next
TDK launches 23.3GB Professional Disc        All News        16x DVD+R/-R to be mainstream for DVD disc shipments
First Lawsuit In MPAA Illegal Fileswapping Actions     General Computing News      Philips disappoints with Q1 net, revenues

Get RSS feed Easy Print E-Mail this Message

Related News
Adobe, Microsoft To Offer Solutions That Share Sales Data
Adobe to Acquire TubeMogul Video Advertising Platform
Adobe Charts Future of Design at Adobe MAX 2016
Adobe and Microsoft Partner in the Azure Cloud
Adobe Flash Becomes Adobe Animate CC
Adobe's Flash Is The Most Frequently Exploited Product
Adobe Introduces Document Cloud
Adobe Buys Fotolia, Announces Creative Cloud Jump
Nokia Recalls Travel Chargers For Lumia 2520 Tablets
Adobe's Creative Cloud Hit By Outage
Adobe Delivers New Storytelling App for iPad
Adobe Announces ColdFusion 11

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .