Monday Takeovers: Adobe & GameStop Go Shopping
8:31 AM | Andy Largent | Comment on this story
Two huge surprise takeovers sure to rock the computing industry have been announced this morning; Adobe is buying out Macromedia and GameStop has purchased Electronics Boutique. If approved, both transactions would create monster companies with little competition
While the former may not affect gamers directly, you can bet anyone involved in graphics production using Photoshop or Flash will be wowed by the news. Adobe is said to be offering 3.4 billion in stock, and while no product plans have been announced yet, you can be sure the overlapping products (like Fireworks or Freehand) will be affected.
GameStop's purchase of EB is valued at 1.44 billion and would give the combined franchise nearly 3800 stores with 25% of the marketshare (bigger even than Wal Mart). For more information, have a read through the Reuters article linked below.
Adobe to Buy Macromedia in $3.4B Deal
GameStop to Buy Electronics Boutique
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