Adobe Systems in $500 million acquisition plan
Article Abstract:
Adobe Systems is planning to acquire Frame Technology Corp in a $500 million stock swap that is intended to increase Adobe's reach into the growing electronic publishing market. Frame is a software publisher that makes applications that enable large corporations to develop technical manuals. The software usually operates on high-powered workstations with a Unix operating system, and compliments products such as Adobe's Pagemaker desktop publishing software. Adobe officials say that the acquisition would be a good one because there would be very little product overlap. This is because most of Adobe's products are graphically oriented while Frame's products are technical and focus on the production of books. Frame and Adobe have already marketed their products together, bundling Adobe's PageMaker with Frame's FrameMaker.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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U.S. sues to block $2 billion merger Microsoft seeks; software giant set back; Intuit acquisition challenged on ground it could raise prices and cut choices
Article Abstract:
The U.S. Department of Justice filed an antitrust lawsuit against Microsoft's planned $2 billion acquisition of Intuit, which produces the leading personal finance software package Quicken. The lawsuit challenges the proposed merger on the basis that it will reduce consumer choice and result in higher prices. Microsoft's Money and Intuit's Quicken control more than 90% of the personal finance software market. The two companies announced that they will oppose the lawsuit and request a speedy trial so that they can continue with their merger plans. Microsoft is already involved in another federal case but in this instance is being supported by the Justice Department in its effort to approve a consent decree that would prohibit some of Microsoft's anti-competitive practices.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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2 banks to buy Meca for its financial software
Article Abstract:
Nationsbank and BankAmerica are planning to jointly purchase Meca Software Inc, from owner H&R Block, for $35 million. The banks are planning to continue selling the company's popular Managing Your Money personal finance software and could invite other banks to join the venture. The electronic finance market is still small, and banks are hoping that customers will be attracted by offers of direct access to data. The banks are planning to develop a version of Managing Your Money with integrated electronic banking capabilities for fall 1995. The planned acquisition comes as Microsoft is attempting to acquire Intuit for its Quicken personal finance software and as the computer software industry is getting ready to compete to develop electronic financial services.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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