Adobe/Macromedia merger probed
PrintFeds want more info
Posted in Financial News, 12th July 2005 14:37 GMT
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Adobe and Macromedia must provide more information to the Department of Justice before regulators will approve their merger.
Adobe said in April it would pay $3.4bn for Macromedia, maker of Flash animation software.
The two companies have now received their second "Request for Additional Information and Documentary Materials" from the DoJ. The request covers web authoring and design softare and vector graphics illustration.
The two firms are gathering info for the lawyers now and will continue to work closely with the DoJ, according to thisstatement.
Adobe is still hopeful shareholders will approve the deal in September and it will close in Fall 2005. It expects the deal to add a little to earnings, or have no impact.®
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