“I have nothing against Adobe. I use the excellent batch of products in Creative Suite and look forward to test-driving the latest versions of Photoshop, InDesign and Illustrator (not so much GoLive, as I’m a Freeway Pro man). That said, I’m sorry to hear that Adobe has acquired Macromedia, which has long offered some strong competition for the folks behind Photoshop,” Dennis Sellers writes for Macsimum News.
“Yesterday it was announced that Adobe had agreed to buy Macromedia in an all-stock transaction valued at around US$3.4 billion (yep, that’s Billion, not Million). The deal has already been given the stamp of approval by the board of directors of both companies and should be finalized this fall. In a press release, Adobe and Macromedia officials made nice and said that they’re developing integration plans ‘that build on the cultural similarities and the best business and product development practices from each company,'” Sellers writes. Naturally, when two big dogs like Adobe and Macromedia merge into a single bigger dog, the two companies put a positive spin on it. But anytime a merger like this takes place, some folks’ favorite products will get chewed up in the process.”
Full article here.
Related MacDailyNews articles:
Adobe to acquire Macromedia in $3.4 billion stock deal – April 18, 2005