Adobe wants to add Macromedia features to its products
Shares in Macromedia have risen 10% on news its US rival Adobe is to buy it for $3.4bn (£1.8bn) and integrate its software with its own.
The agreement marks the latest move in the consolidation of the software industry. In December Symantec agreed to buy Veritas in a $13.5bn deal.
Under the terms of the acquisition, US-based Macromedia's shareholders will own 18% of the combined business.
source/full story: news.bbc.co.uk/1/hi/business/4456895.stm
Shares in Macromedia have risen 10% on news its US rival Adobe is to buy it for $3.4bn (£1.8bn) and integrate its software with its own.
The agreement marks the latest move in the consolidation of the software industry. In December Symantec agreed to buy Veritas in a $13.5bn deal.
Under the terms of the acquisition, US-based Macromedia's shareholders will own 18% of the combined business.
source/full story: news.bbc.co.uk/1/hi/business/4456895.stm
