The software developer Adobe Systems (www.adobe.com) announced on April 18 that it will buy the Internet multimedia and interactive Web design specialist Macromedia (www.macromedia.com) in an all-share deal worth $3.4 billion.
Adobe said that it aims to produce an industry-defining technology platform with the combination of its PDF software and Macromedia’s flagship Flash platform.
The terms of the deal, which have been approved by the boards of both software developers, set a 25 per cent premium for Macromedia shares, based on the stock’s close on April 15 of $33.45. Holders of Macromedia shares are to receive 0.69 shares of Adobe for every share of Macromedia.
