24 - Adobe to Acquire Macromedia

From the Seattle Times

SAN JOSE, Calif. ó Combining two of the largest makers of software for creating and delivering digital content, Adobe Systems Inc. said today it will acquire Macromedia Inc. in an all-stock transaction valued at approximately $3.4 billion.

Shares of Macromedia, known for its Dreamweaver Web-design program and Flash, which animates and adds interactivity to Web pages, rose more than 8 percent in early trading, while Adobe shares sank 11 percent.

I guess this was bound to happen soon, but it still got a “wow” from me.

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