DOJ Reviewing Adobe-Macromedia Deal
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The U.S. Department of Justice has asked for more information regarding the proposed $3.4 billion merger of Adobe and Macromedia, the two companies announced on Monday. The information requested by the DOJ centers around the companies' products in authoring and design, as well as vector graphics illustration.
Company officials said they are in the process of gathering the necessary information and will cooperate fully with the DOJ's investigation. "[Adobe and Macromedia] expect to hold meetings of their respective stockholders to approve the acquisition in September 2005 and still anticipate that the transaction will close in Fall 2005," the two companies said in a statement.