DoJ Questions Adobe-Macromedia Deal
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The Department of Justice (DoJ) has a few questions for Adobe about its proposed acquisition of Macromedia. According to the two companies, the request is limited to details regarding their respective vector graphics and Web authoring/design tools.
The DoJ sent Adobe and Macromedia a "second request" formally known as a "Request for Additional Information and Documentary Materials" about Adobe's proposed acquisition.
Adobe and Macromedia indicated in a joint press release that they are in the process of putting together the requested information to comply promptly with the DoJ request. The second request will extend the waiting period of the deal by 30 days after Adobe and Macromedia comply with the DoJ request. The waiting period extension is in compliance with the Hart-Scott-Rodino Antitrust Improvements Act of 1976
In April, Adobe announced its $3.4 billion dollar deal to acquire rival Macromedia. The close date of the deal was originally set for this fall, and both companies indicated that they still expect that to be the case following stockholder approval in September.
Adobe's acquisition of Macromedia is expected to create a major shift in the multimedia publishing and online graphics software market.