Adobe Systems Incorporated has announced an agreement to buy Macromedia for approximately $3.4 billion USD.
The combination of Adobe and Macromedia strengthens our mission of helping people and organizations communicate better. Through the combination of our powerful development, authoring and collaboration tools – and the complementary functionality of PDF and Flash – we have the opportunity to drive an industry-defining technology platform that delivers compelling, rich content and applications across a wide range of devices and operating systems.
By combining the passion and creativity of two leading-edge companies, we will continue driving innovations that are changing the ways people everywhere are experiencing and interacting with information.
Source:
http://www.adobe.com/aboutadobe/invr...acromedia.html
Hopefully this is to the consumer's advantage. Without competition, will Adobe continue to strive to create innovative products? Or will development slow down dramatically?