Adobe has announced the completion of its acquisition of Macromedia. The transaction was finalised on Saturday, December 3, 2005. As a result of the acquisition, Macromedia common stock is no longer being traded and shares of Macromedia common stock were converted into the right to receive 1.38 shares of Adobe common stock.
"The explosion of digital content, combined with the accelerating proliferation of mobile phones, wireless devices and the growth of broadband are transforming the way the world engages with information," said Bruce Chizen, chief executive officer of Adobe. "Adobe and Macromedia are at the center of this trend, and together we will build on our combined heritage to redefine the way people and businesses communicate."
Management of the combined company includes executives and board members from both organisations. Bruce Chizen continues as chief executive officer and Shantanu Narayen remains as president and chief operating officer.
Macromedia's Stephen Elop has joined Adobe as president of worldwide field operations. Murray Demo remains executive vice president and chief financial officer. Dr. John Warnock and Dr. Charles Geschke remain co-chairmen of the Board of Directors of the combined company and Macromedia's chairman, Rob Burgess, has joined the Adobe Board.
As part of the initial integration of product portfolios, Adobe today announced three new product bundles that combine the design and publishing power of Adobe Creative Suite 2 and Adobe video tools with the interactive strength of just-released Macromedia Flash Professional 8 and Macromedia Studio 8 software.
The three new product bundles enhance the capabilities of customers to deliver compelling content and digital experiences - in print, on the Web, for video and across mobile devices. The new product configurations are: the Adobe Design Bundle that combines Adobe Creative Suite 2 Premium with Flash Professional 8 software; the Adobe Web Bundle that brings together Adobe Creative Suite 2 Premium and Studio 8; and the Adobe Video Bundle that delivers Adobe video solutions coupled with Flash Professional 8. The Adobe Design Bundle and Web Bundle are available for purchase today and the Adobe Video Bundle is expected to ship in early 2006.
Estimated street price for the Adobe Design Bundle is £1,381 including VAT and the Adobe Web Bundle £1,656 including VAT. Upgrade pricing is available for certain products, says Adobe.