Crikey! Adobe to Acquire Macromedia

From Macromedia’s Press Room:

SAN JOSE, Calif. – April 18, 2005 – 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.
The combination of Adobe and Macromedia will provide customers a more powerful set of solutions for creating, managing and delivering compelling content and experiences across multiple operating systems, devices and media. Together, the two companies will meet a wider set of customer needs and have a significantly greater opportunity to grow into new markets, particularly in the mobile and enterprise segments.

This came out’ve the blue! Kinda leaves me wondering where Fireworks will fit into the product line after this… Can’t imagine Adobe wanting anything in the line-up that can take away from sales of Photoshop…