Monday December 05, 2005

More M&A

Dubai Ports to buy Britain's P&O for $5.7 bln
reuters.com, scotsman.com :

State-backed Dubai Ports World agreed to buy UK ports and ferries group P&O for 3.3 billion pounds ($5.7 billion), creating the world's third-largest ports company. The Dubai Ports-P&O operation will be the world's third-largest ports operator after Hong Kong's Hutchison Whampoa at No.1 and Singapore government investment agency Temasek Holdings Pte. Ltd. in second place.

Adobe to acquire Macromedia
forbes.com, slashdot.org, redherring.com :

Analysts expressed relief Friday that Adobe said its $3.4-billion acquisition of multimedia and web tools player Macromedia will close on December 3, nearly eight months after it announced the deal. The closure of the deal will leave Adobe free to take on emerging rival Microsoft. The software giant from Redmond has been eyeing the graphics and publishing business. In August, Microsoft released a test version of its own graphics design tool, Acrylic.

(2005-12-05 10:50:06 SGT) [Biz] Permalink

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