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U.S., European Regulators Approve $3.4 Billion Merger of Adobe, Macromedia

Authored by Mark Hefflinger on December 2, 2005 - 10:37am.
San Francisco - Adobe Systems, a developer of multimedia design software, announced that its proposed $3.4 billion merger with fellow design software maker Macromedia has passed all regulatory hurdles, and will close on Dec. 3. European regulators recently approved the deal; the U.S. Justice Department had already granted its approval, following a request for additional information from the companies. The deal will unite the makers of the widely utilized Photoshop and Illustrator (Adobe), and Flash and DreamWeaver (Macromedia) applications.
tags: Deals | VC | Adobe | Macromedia | U.S | European Regulators |