Skip to main content

News

Fri, 02 Dec 2005 Adobe expects to close Macromedia deal on Saturday

Martyn Williams, Jonny Evans

  • Email to a friend
  • Print this article
  • Bookmark this page
  • RSS feed

Adobe expects its $3.4 billion acquisition of Macromedia to close on Saturday (December 3), the company said last night.

The deal was announced in April 2005, but the companies needed to win permission from shareholders and regulators before it could complete.

Question of the day!

Mark Hattersley
Editor in Chief

Do you use Adobe Photoshop with a Wacom tablet?

Question of the day!

Do you use Adobe Photoshop with a Wacom tablet?

% of Macworld readers agree with you

Yes
TBC
No
TBC

How does a Wacom tablet improve the Photoshop experience?

124 characters remaining

Follow the conversation at @TabletChat

paintings & illustrations, mostly, which i upload to flickr.RT @fragmentedm

I draw manga/anime characters. I also do graphic design and photography.RT @spialelo

Yes. I usually put them up on my #deviantart account for feedback on how to improve.RT @spialelo

The US Justice Department approved the deal in October. The company is now awaiting permissions from international regulators.

In a statement, Adobe and Macromedia said: "They have either received or been notified they will receive all regulatory clearances necessary to complete Adobe's pending acquisition of Macromedia" by December 3.

Macromedia shareholders will receive 1.38 shares of Adobe common stock for each share of Macromedia common stock they own when the acquisition completes.

Adobe hopes its acquisition will give it more leverage in the Web design market, as well as an entry point to the expanding handset market through Macromedia's ubiquitous Flash software.

Adobe will discuss the fiscal 2006 outlook for the combined firms on December 15 as part of its fourth quarter and fiscal 2005 year-end earnings conference call that day.

Adobe executives will present the company's strategy to analysts and investors at Adobe's annual financial analyst meeting in New York on January 31, 2006.

Email A Friend

Email this article to a friend or colleague:



PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

<<prev article | back to news index | next article>>

Latest News


More news...