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Saturday, January 21, 2006

Adobe acquires Macromedia

This came as a shock to me. I was about to download flash player from Macromedia.com and I ended up at a Adobe site. Apperently Adobe bougth up Macromedia last month and the two are now working together as one. Visit the links below for more information.

What is the name of the combined company and what is its stock trading symbol?
The combined company, Adobe Systems Incorporated, is traded on the Nasdaq National Market under the symbol ADBE. Macromedia's common stock, formerly traded on the Nasdaq National Market under ticker symbol MACR, ceased trading on December 5, 2005, in conjunction with the close of the acquisition.
-Adobe acquisition FAQ
Acquisition info
Press release

2 comments:

DeonCadme said...

That is old news my friend, The acquisition of Macromedia by Adobe was already public news several months ago.

I think it might even be for the better if we have some luck because Macromedia had problems to decide what they really wanted to do with their products and was suffering a personality crisis in many ways.

Dopefish said...

Yeah I figured it was quite old, because the acqusition went through over a month ago and must've been planned long before that ;)

Although I wasn't aware of it and those I were talking about didn't know it either so I decided to make a post about it anyway :)