Justice Department looking into Adobe bid to buy Macromedia

[JURIST] US Justice Department antitrust regulators have asked for more information about a $3.4 billion stock bid [JURIST report] by Adobe Systems Inc. [corporate website] to buy Macromedia Inc. [corporate website]. The DOJ wants to know more about the competitive landscape for multimedia content tools [CNET report]. Adobe makes popular document editing software such as Photoshop, Pagemaker, and Acrobat. Macromedia is perhaps best known for its Flash software, used to create animation-driven content. The request will extend the waiting period [MSNBC report] for the sale to be approved, but both companies expect it to go through by the fall. AP has more.

 

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