Adobe takes over Macromedia!
The Merger of the Decade has happened. Adobe takes over Macromedia today, 18th of April, 2005 to become a Mega-Super-Duper-Giant of the Visual Media Industry.
The news is here on both Adobe and Macromedia sites. I am an advance user of both Adobe Photoshop and Macromedia’s Dreamweaver and Flash, but to me, Macromedia is a better company, I love the way they do things, I love the tagline “What the web can be” and I love their file sizes. I was seeing Macromedia as a rival to Adobe in the near future, with thier Freehand becoming better and more popular than Adobe’s Illustrator. Adobe has been known to kill small companies and acquire them ( and so is Macromedia) but Adobe more so than Macromedia 
The name Macromedia will be erased and the joint thing will be known as Adobe Systems.
Further Reading:
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PS: Thx to Anand for pointing out the above links.