Adobe announced three new product bundles that combine Adobe Creative Suite 2 and Adobe video tools with Macromedia Flash Professional 8 and Macromedia Studio 8.
Adobe Systems Inc. today announced the completion of its acquisition of Macromedia, Inc. The transaction was finalized on Saturday, Dec. 3, 2005.
Macromedia common stock was converted into the right to receive 1.38 shares of Adobe common stock.
"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, CEO 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."
As part of the initial integration of product portfolios, Adobe announced three new product bundles that combine Adobe Creative Suite 2 and Adobe video tools with Macromedia Flash Professional 8 and Macromedia Studio 8.
"Ultimately our goal is to combine Flash and PDF in what we're calling an engagement platform that allows people to create, manage and deliver content and experiences across a variety of operating systems, devices and media," said Adobe spokesperson Holly Campbell.
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Adobe first announced the agreement to acquire Macromedia on April 18 in a deal worth $3.4 billion.
Adobe's Bruce Chizen will continue as CEO of the company, which will continue to be known as Adobe Systems Inc.
Shantanu Narayen will remain president. Stephen Elop, president and chief executive of Macromedia, will join the Adobe board as president of worldwide field operations. Rob Burgess, chairman of Macromedia, will also join the Adobe board.