Welcome!

AJAX & REA Authors: John Funnell, Bob Little, Kevin Hoffman, Maureen O'Gara, Onkar Singh

Related Topics: Adobe Flex

Adobe Flex: Article

Sealing the Deal – Macromedia Becomes Adobe Forever More

This Weekend Sees the Expected Close of Adobe-Macromedia Transaction
By Adobe News Desk
Article Rating:
December 3, 2005 07:45 AM EST
Reads:
 21,921
"Adobe Systems Incorporated and Macromedia, Inc. ... announced they have either received or been notified they will receive all regulatory clearances necessary to complete Adobe's pending acquisition of Macromedia."

With that simple sentence ended one of the smoothest software mergers in recent i -Technology history. The companies expect to close the transaction today, Saturday December 3, 2005.

Adobe also announced yesterday that it intends to discuss the combined Company's fiscal 2006 outlook with the financial community on Thursday December 15, 2005 as part of its fourth quarter and fiscal 2005 year-end earnings conference call, scheduled for 2:00PM Pacific Time that day.

Invitations and Webcast information for both events, says Adobe, will be made available in the near future.

Pursuant to the terms of the acquisition agreement, which is an all-stock transaction, holders of Macromedia common stock will today receive 1.38 shares of Adobe common stock for each share of Macromedia common stock they own.

It was on April 18, 2005, that Adobe first announced a definitive agreement to acquire Macromedia; so this, at just over 7 months from start to finish, has been one of the smoother software acquisitions in recent times.

Published December 3, 2005 – Reads 21,921
Copyright © 2005 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.

More Stories By Adobe News Desk

MXDJ News Desk gathers stories, analysis, and information from around the world of software design and development and synthesizes them into an easy to digest format for MX developers.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.