Adobe Buys Macromedia for $3.4 Billion

Alex

Alex

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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. Under the terms of the agreement, which has been approved by both boards of directors, Macromedia stockholders will receive, at a fixed exchange ratio, 0.69 shares of Adobe common stock for every share of Macromedia common stock in a tax-free exchange. Based on Adobe’s and Macromedia’s closing prices on Friday April 15, 2005, this represents a price of $41.86 per share of Macromedia common stock.

The combination of Adobe and Macromedia strengthens our mission of helping people and organizations communicate better. Through the combination of our powerful development, authoring and collaboration tools – and the complementary functionality of PDF and Flash – we have the opportunity to drive an industry-defining technology platform that delivers compelling, rich content and applications across a wide range of devices and operating systems.

By combining the passion and creativity of two leading-edge companies, we will continue driving innovations that are changing the ways people everywhere are experiencing and interacting with information.

Adobe is required to include the following legend on any communications that may be deemed to be offering or soliciting material under the applicable SEC rules and regulations:

ADDITIONAL INFORMATION AND WHERE TO FIND IT

Adobe Systems Incorporated intends to file a registration statement on Form S-4, and Adobe and Macromedia, Inc. intend to file a related joint proxy statement/prospectus, in connection with the merger transaction involving Adobe and Macromedia. Investors and security holders are urged to read the registration statement on Form S-4 and the related joint proxy/prospectus when they become available because they will contain important information about the merger transaction. Investors and security holders may obtain free copies of these documents (when they are available) and other documents filed with the SEC at the SEC's web site at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by Adobe by contacting Macromedia Investor Relations at 408-536-4416. Investors and security holders may obtain free copies of the documents filed with the SEC by Macromedia by contacting Macromedia Investor Relations at 415-252-2106.

Adobe, Macromedia and their directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Adobe and Macromedia in connection with the merger transaction. Information regarding the special interests of these directors and executive officers in the merger transaction will be included in the joint proxy statement/prospectus of Adobe and Macromedia described above. Additional information regarding the directors and executive officers of Adobe is also included in Adobe's proxy statement for its 2005 Annual Meeting of Stockholders, which was filed with the SEC on March 14, 2005. Additional information regarding the directors and executive officers of Macromedia is also included in Macromedia's proxy statement for its 2004 Annual Meeting of Stockholders, which was filed with the SEC on June 21, 2004 and Macromedia's proxy statement for a Special Meeting of Stockholders, which was filed with the SEC on October 6, 2004. These documents are available free of charge at the SEC's web site at www.sec.gov and from Investor Relations at Adobe and Macromedia as described above.
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http://www.adobe.com/aboutadobe/invrelations/adobeandmacromedia.html

:eek2:
 
Ooh... shit...!

I can see in the future...

Adobe Dreamweaver
Adobe Fireworks
Adobe Flash
Adobe Director

Damn... I wonder how this happened? Heh!
 
Deaf258 said:
What about??

Adobe Dreamshop
Adobe Imageworks
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Hmm... Imageworks would be good since Fireworks and Imageready are similar, what about Adobe Fireready? ;)

As for Dreamshop, hmm...
 
i wish they never merged. ah well. macromedia still rulez except PS CS rocks !
 
deafclimber said:
i wish they never merged. ah well. macromedia still rulez except PS CS rocks !
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Macromedia has been hurting since 2001, they've been posting low profits and losses and Adobe bought them out. I'm just glad they merged, we'll see what happens.
 
sequoias said:
Macromedia has been hurting since 2001, they've been posting low profits and losses and Adobe bought them out. I'm just glad they merged, we'll see what happens.
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yup that is correct. macromedia had a poor management, not softwares...
 
Deaf258 said:
I like the sound of "Adobe Fireready".. What about "Adobe Photoweaver"? :lol:
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Hmm... I'm not so sure. Photoshop is a graphics editting program. Dreamweaver is a WYSIWYG program. How are they similar?
 
I am being sarcastic about mergers.. Once they merge, everything is a vacuum. Some softwares would cease to exist or "mutate" as something else. Also, if I remember right, Photoshop has an html editing feature that puts your images into galleries.
 
I hope that it will come out good software for us. I realized that FreeHand MX will be no longer selling on the market. I bought Macromedia Studio MX 2004. I don't know if the company would replace it for free or fair discount price after making a new software like Adobe Imageworks or Dreamshop whatever a new name for this software.

I am just tired of paying more money for updating my operating system, anti-virus, firewall, and others. That's another spending my money.
 
Photoshop is a graphic design program, whereas Dreamworks is a program where you can create professional looking websites. Apparently, you can create web layouts in Photoshop and link it to Dreamweaver to make the layout work.
 
Why don't we just merge Macromedia and Adobe? That way, we'll have Macromedobe or Adobromedia. ;)
 
VamPyroX said:
Why don't we just merge Macromedia and Adobe? That way, we'll have Macromedobe or Adobromedia. ;)
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Heh!! Don't you think some people just don't get the joke or sarcasm? ;)
 
Magatsu said:
I want these $3.4 Billion :(
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$3.4 billion is simply way too much money to have, I would donate the excessive money to good non profit organizations and such things.
 
sequoias said:
$3.4 billion is simply way too much money to have, I would donate the excessive money to good non profit organizations and such things.
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Of course, I am not going to keep all of that money for myself. If I do have that money, I will buy the millions and millions (or billions) of acres of wilderness & National forests to protect these from bloodsucking Corporations, Bush and his cronies. That's only reason why I want these money.

Back to this topic, frankly, I was surprised that Adobe bought Macromedia... Flash is my favorite program, I hope that Adobe will not mess it up.
 
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