Microsoft in talks to acquire Adobe
Adobe shares closed up 11.5 percent on Thursday at 28.69 dollars after the New York Times reported that Ballmer held a secret meeting recently with Adobe chief executive Shantanu Narayen.
The two discussed Apple’s dominance in mobile phones and considered several options to counteract that, including Microsoft acquiring Adobe.
“One of the main thrusts of the discussion was Apple and its control of the mobile phone market and how the two companies could partner in the battle against Apple.” – New York Times.
“If you are going to do something, you say nothing. So I will be entirely consistent with standard CEO operating procedure.” – Steve Ballmer.
Adobe and Microsoft declined to comment. Such a deal could be worth $15 billion or more based on Adobe’s current market value.
So what do you think about this secret talks. Do let us know by commenting down.
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About the author
Written by Manoj
Internet Entrepreneur, Tech Gadget and Software Enthusiast, Photographer, Graphic Designer, Android User, Mac Lover, Social Media Freak.
