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Last Updated: Adobe and Macromedia

April 18, 2005

Adobe Systems Incorporated (Nasdaq: ADBE) has announced a definitive agreement to acquire Macromedia (Nasdaq: MACR) in an all-stock transaction valued at approximately $3.4 billion.

Whoa. This is huge news for anyone involved in the creative or publishing industry. These two giants make the software that creative professionals use, and now they're becoming one.

Via Kottke.org

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