Adobe Completes Acquisition of Macromedia
December 06, 2005
San Jose, CA - Adobe Systems announced the completion of its acquisition of Macromedia, Inc. The transaction was finalized on Saturday, Dec. 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 combination of Adobe and Macromedia creates one of the world's largest software companies. The move also accelerates Adobe's strategic initiative to advance a software platform, based on PDF and Macromedia Flash technologies, that scales from mobile devices to high-end servers.
"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."
This week the company will begin executing the planned integration of the two companies' operations, networks and customer care organizations to ensure a smooth transition and immediate value for customers, partners and investors. As part of the initial integration of product portfolios, Adobe 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.
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