Adobe Systems Incorporated and Macromedia today announced they have received clearance from the US Department of Justice (DoJ) for Adobe’s proposed acquisition of Macromedia. The closing of the transaction remains subject to regulatory approval in a few European jurisdictions. The companies continue to predict that the transaction will close some time this autumn.
On 18 April 2005, Adobe announced a definitive agreement to acquire Macromedia in an all-stock transaction. Pursuant to the terms of the acquisition agreement, holders of Macromedia common stock will receive 1.38 shares of Adobe common stock for each share of Macromedia common stock they own at the closing of the acquisition. In August, the stockholders of each company voted in favour of the transaction.