Adobe to aquire Macromedia
Tuesday, April 19th, 2005
In one of the largest announcements to hit the design community of late, Adobe has bought out Macromedia for a whopping $3.4 Billion. Thats not liquid, but using some sort of tax loopy stock exchange where current Macromedia stockholders would “own approximately 18 percent of the combined company”.
Macromedia’s site hosts a press release that contains the typical lawyerspeak and doubletalk that pervades every spin release and tries to make this aquisition seem more like a merger than what it really is: another loss for consumers.
In one of the largest announcements to hit the design community of late, Adobe has bought out Macromedia for a whopping $3.4 Billion. Thats not liquid, but using some sort of tax loopy stock exchange where current Macromedia stockholders would “own approximately 18 percent of the combined company”.
Macromedia’s site hosts a press release that contains the typical lawyerspeak and doubletalk that pervades every spin release and tries to make this aquisition seem more like a merger than what it really is: another loss for consumers.
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