Tuesday, July 12, 2005

Adobe and Macromedia - Not a done deal just yet...

Wired News: News Wrap

"Approval delayed: The Department of Justice asked for additional information about Adobe's $3.4 billion acquisition of Macromedia, the companies said.

The request, the second made by the Justice Department, centers on information about the company's products in the areas of web authoring and design and vector graphics illustration, a style of computer graphics created by mathematical equations and coordinates.

The second request extends the waiting period for Justice Department approval of the acquisition until 30 days after the companies comply for the request for information.

Adobe (ADBE) still expect the deal to close in the fall of 2005."

More details from Red Herring.

No comments: