Adobe Systems Incorporated (Nasdaq:ADBE) today announced a definitive agreement to acquire Macromedia (Nasdaq:MACR) in an all-stock transaction valued at approximately $3.4 billion.
Curious; regarding the Yahoo deal where Macromedia partnered with Yahoo, does Yahoo want to purchase Adobe, or does Adobe want to purchase Yahoo? Adobe already does the Yahoo Toolbar installer bundling with their Acrobat Reader, the PDF viewer.
Adobe helped spawn the print revolution, and did the same for video; empowering the masses to create great content. This teaming up with Flashcom & Flash Video in general seems promising.