JAUHARI

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Adobe to Acquire Macromedia in $3.4 Billion Stock Deal

The document-design software company Adobe Systems Inc. said today that it had agreed to acquire the multimedia software firm Macromedia Inc. for about $3.4 billion in stock.

Adobe, which is based in San Jose, Calif., and is best known for its Acrobat document sharing software, said the deal is expected to close this fall.

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Posted 21 Apr 2005 by Jauhari in Uncategorized

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