Adobe Completes Acquisition of Macromedia

SAN JOSE, Calif. – Dec. 5, 2005 – Adobe Systems Incorporated (Nasdaq:ADBE) today announced the completion of its acquisition of Macromedia, Inc. The transaction was finalized on Saturday, Dec. 3, 2005. As a result of the acquisition, Macromedia common stock is no longer being traded and shares of Macromedia common stock were converted into the right to receive 1.38 shares of Adobe common stock.

You can check out the full press release here. It’s going to be interesting to see how this plays out, because these are two monsterous companies that both have amazing products. Adobe is now offering bundles that combines software from both companies, which you can see here. If you are a hardcore developer, you could get the Studio 8 + Adobe Creative Suite 2 for a mere $1,899USD, which is much cheaper than buying the software seperately.