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.

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.