The Graphics software giant Adobe Systems is becoming an even bigger player in the consolidating software sector
In it's biggest takeover so far ($4.3 billion), Adobe will be paying $0.96 per share (a bonus of 25% to the Friday's market price). Adobe also announced it will start a buyback program for $1 billion of adobe shares.
As always when merging, both companies claim this move will make room for a lot of cost saving. The deal gives Adobe a very broad range of products meant for the sharing of documents. The future will tell what direction a company that has photoshop and both the pdf and flash technology in its portfolio will follow.
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