Federal regulators have given their OK to Adobe and Macromedia to merge. Both companies expect the deal to be finalized on December 3, 2005. Macromedia stock owners will exchange one Macromedia common stock share for 1.38 shares of Adobe common stock.

Adobe had announced their plans to acquire Macromedia back in April 18, 2005. Macromedia is most well known for their Dreamweaver web development software, while Adobe has several famous products such as Acrobat, Photoshop and Illustrator.

This news article was written on December 3, 2005, quoting In-House.