Adobe has announced the completion of its acquisition of Macromedia, Inc. The stock-based transaction was formally finalized on December 3, and as a result, shares of Macromedia common stock were converted for the right to receive 1.38 shares of Adobe common stock.
The combination of Adobe and Macromedia creates one of the world’s largest and diversified software companies — a fact that had caused anti-trust concerns among some and meant that the deal’s completion required a green light from the US Department of Justice. The move also facilitates what had already been a growing integration between PDF and Flash technologies.
‘The explosion of digital content, combined with the accelerating proliferation of mobile phones, wireless devices and the growth of broadband are transforming the way the world engages with information,’ said Bruce Chizen, chief executive officer of Adobe. ‘Adobe and Macromedia are at the center of this trend, and together we will build on our combined heritage to redefine the way people and businesses communicate.’
The planned integration of the two companies will begin this week, and Adobe has announced three new product bundles that combine Adobe’s video tools and Creative Suite 2 with Macromedia’s Studio 8 software and Flash Professional 8.
More information on the deal can be found on the Adobe website.