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Old 04-19-2005, 09:49 AM
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Default Adobe buys Macromedia
Adobe wants to add Macromedia features to its products
Shares in Macromedia have risen 10% on news its US rival Adobe is to buy it for $3.4bn (£1.8bn) and integrate its software with its own.
The agreement marks the latest move in the consolidation of the software industry. In December Symantec agreed to buy Veritas in a $13.5bn deal.

Under the terms of the acquisition, US-based Macromedia's shareholders will own 18% of the combined business.

source/full story: news.bbc.co.uk/1/hi/business/4456895.stm
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