DealsOnTheWeb Daily Deal: OneCall's Weekend Sale - 20 Great Items at Great Prices All Weekend Long
Adobe/Macromedia Acquisition to Close Dec 3
by , 11:40 AM EST, December 2nd, 2005
Adobe and Macromedia expect to have all of the regulatory clearances necessary to complete Adobe's purchase of Macromedia by December 3, 2006. The acquisition of Macromedia by Adobe began last spring, and will transfer Macromedia's product line to Adobe.
The transaction will be all stock, and Macromedia share holders will receive 1.38 shares of Adobe common stock for each share of Macromedia stock they own.
Macromedia's product line includes Freehand, Dreamweaver, Flash, and several other products that web and graphic designers use daily. The future of these products is uncertain, especially since products like Freehand, which competes with Adobe Illustrator, has received little support from Macromedia in recent years.
Dreamweaver, Macromedia's web development tool, competes with Adobe GoLive in the web design market. Both applications have strong supporters, and Adobe is not yet commenting on its plans for the future of either product.
Obtaining Flash, a web standard for delivering multi-media content to web browsers, is a big feather in Adobe's cap. The company now will control the file format, and the tools to develop for it, something Macromedia historically blocked Adobe from doing.
Adobe will hold a financial analyst meeting on December 15 at 2:00 p.m. Pacific Time to discuss the combined company's outlook for fiscal 2006. It will present its strategy for moving forward in New York City on January 31, 2006.
Adobe stock is currently trading at US$34.84, up 0.96 (2.83%), and Macromedia is trading at $48.04, up 1.54 (3.31%).
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
Observer Comments
Fri Dec 02, 2005 5:57 pm Subject: December 3rd, when?
Recent Headlines - Updated Tuesday, October 7th, 2008
- Tue., 4:55 PM
- Apple Claims Canadian School's Logo Infringes on Apple's Trademark
- 4:05 PM
- iPodObserver - mDialog 1.2 for iPhone 2.1 adds Improved Navigation
- 3:05 PM
- Editorial - Apple Doesn't Need a Public Succession Plan
- 2:20 PM
- iPodObserver - Replacement iPhone 3G USB Power Adapters Shipping
- 1:45 PM
- iPodObserver - Universal Music Joins Dada Music Service
- 1:25 PM
- Woz Reflects on His Career, Future of iPod
- 12:15 PM
- Barclays Capital Maintains Buy Rating for AAPL
- 10:50 AM
- Hot Forum Topic - AAPL and Market Manipulation
- 10:15 AM
- AMD Spins Off into Two Chip Companies
- 9:10 AM
- iPodObserver - Sketches 1.4 Gets New Drawing Tools
- 8:20 AM
- BurnAgain FS 1.1 Adds Tiger, German Support
- 7:50 AM
- Trans International Unveils Pro Drive Enclosure for Mac Pro
The Mac Observer Reader Specials
- Download Typestyler, still the Ultimate Styling Tool for Internet, Print and Video Graphics. Works great in Classic with a Native OS X Version on the way. Free Tryout: www.typestyler.com
- OWC: NewerTech miniStack FireWire/USB 2.0 HD & Hub Up to 1.0TB of Performance Storage + FW/USB2 Powered Hubs - convenient & sleek 6.5" x 6.5" x 1.5" Featured: 500GB $169.99; 750GB $209.99; 1.0TB $339.99
New MacPro Memory 800Mhz With Apple Spec Heat Sink 2GB $88 / 4GB $138 / 8GB $274 - Click to Maximize your Macs...
Mac observers can now play Party Poker for Mac as well as Mac casino games by going to MacPokerOnline.com.
RamJet Memory: Mac Pro FB-DIMMs: 2Gig kit $95, 4Gig Kit $179, 8Gig Kit $355! MacBook 2Gig Kit $78, 4Gig Kit $149! Click hereFor the latest Apple products use Ciao a comparison website to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate cell phones.
Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.


