Adobe Gobbles Up Macromedia (NewsFactor)

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April 18th, 2005, 02:01 PM

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Adobe Gobbles Up Macromedia (NewsFactor)

NewsFactor - Document specialist Adobe Systems (Nasdaq: ADBE) today announced the purchase of digital content provider Macromedia (Nasdaq: MACR) in an all-stock deal worth some US$3.4 billion that should help Adobe push into the mobile market and pave the way for an array of applications integrating text, audio and video.

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