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Adobe to acquire Macromedia

Posted byNiall Kennedy April 18, 2005

Adobe Systems Incorporated has announced an agreement acquire Macromedia for $3.4 billion in stock. The agreement was approved by both sets of directors. Each Macromedia shareholder will receive 0.69 shares of Adobe common stock. Macromedia shareholders will own 18% of the combined company. The acquisition is expected to close in the Fall.

Posted byNiall KennedyApril 18, 2005Posted inBusiness

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