DOJ to examine Adobe-Macromedia deal
Dawn Kawamoto writes in C|Net News:
Federal antitrust regulators have requested additional information about Adobe Systems' proposed purchase of Macromedia, the companies said Monday.
The Justice Department apparently is taking a closer look at the competitive landscape for multimedia content tools. Specifically, officials have requested additional information on both companies' Web-authoring design and vector graphics illustration products, the companies said.
Adobe announced in April that it intended to buy Macromedia in an all-stock deal valued then at $3.4 billion. The company is seeking to expand the breadth of tools it offers and distribute multimedia content over a number of operating systems and devices.
The deal comes as Adobe, a market leader in electronic documents with its PDF software, is beginning to face greater competition from open-source players entering the market. And of course, the multimedia tools designer is keeping a watchful eye on software giant Microsoft.
posted by Fergie @ 7/11/2005 08:11:00 AM
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