Adobe acquires Macromedia
I have had my eye off the ball design-wise for a couple of months now as I expand the content side of the business, so this one took me by surprise:
Adobe Systems Incorporated (Nasdaq: ADBE) has announced a definitive agreement to acquire Macromedia (Nasdaq: MACR) .
The press release spins this as a merger, but it reminds me of the BP Amoco merger a few years ago. A contact of mine in Amoco said to me:
Merger? BP merged with Amoco the way I go to the store and merge with my groceries.
Adobe almost certainly wanted Flash.
Via Mom at Home
2 comments April 19th, 2005