TweakTown
Tech content trusted by users in North America and around the world
6,154 Reviews & Articles | 39,554 News Posts

Microsoft to buy Adobe?

Microsoft are rumoured to buy Adobe.

| Business, Financial & Legal News | Posted: Oct 8, 2010 12:39 am

Right now there's no confirmation, but the one thing that should interest you is the news caused Adobe Systems stock to rise 17% before falling slightly down to 11.5% higher than before the rumour. Microsoft shares rose by 0.4%.

 

TweakTown image news/1/7/17044_51.jpg

 

News broke from The New York Times as they reported Microsoft CEO Steve Ballmer had a secret meeting with Adobe CEO Shantanu Narayen at Adobe's San Fransisco offices "recently".

 

The two had supposedly talked about Apple's dominance in mobile phones and discussed various options to attack that, with the inclusion of Microsoft purchasing Adobe.

 

Both Microsoft and Adobe have declined comment.

 

A deal like this could be worth north of $15 billion based on Adobe's current market value - it would also give Microsoft a much large piece of the Internet media and mobile platform pies by getting Adobe's obviously popular Flash player - which is used by millions in websites for video and graphics.

 

NEWS SOURCES:Itnews.com.au

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases