Adobe and Macromedia Shareholders Approve Merger

Steve Nixon wrote to mention a CRN article discussing the shareholder approval of a merger between Adobe and Macromedia. From the article: "The deal, announced in early April, is slated to close this fall pending government approval. On Thursday, the companies said nearly 99 percent of the outstanding Adobe and Macromedia shares voted were cast in favor of the deal. Adobe's powerful PDF franchise and Macromedia's ubiquitous Flash presence on PCs, Macs and other devices could make the combined company a prodigious counterweight even to Microsoft, several observers said."

Comments

wise tactical move

[apt_user]

This can only be a maneuver to prevent microsoft from buying either one of the two companies. Combined they dont necessarily stand to make more money than they would alone, but it creates a united front to keep microsoft out of their media software niche.