Under the terms of the merger, which has already been approved by both boards, San Jose, California-based Adobe Systems will pay 0.69 of its own shares for each Macromedia share. After the deal, Macromedia’s stockholders will own approximately 18% of the combined company on a pro forma basis.
Adobe's press release Adobe to acquire Macromedia.
Netscape was acquired by AOL for US$4.3 Billion in 1998. (The acquisition completed in May 1999)
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