|20 Oct 2010||#1|
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Adobe CEO Denies Marriage with Microsoft
After meeting in secret with his counterpart at Microsoft in the first half of October 2010, Adobe Chief Executive Officer Shantanu Narayen denied the possibility of a marriage with Microsoft, in an interview for FOX Business, via Seattle PI.
Following the face-to-face between Narayen and Microsoft CEO Steve Ballmer, the rumor mill went wild.
Speculation that the Redmond company was courting Adobe for a takeover emerged, causing the stock of Creative Suite’s makers to explode.
Following the meeting, both Microsoft and Adobe downplayed the event, with the software giant commenting extremely little on the topic.
Narayen now indicates that Microsoft will not be buying Adobe, and it also appears that a merger is out of the question.
“Clearly Adobe is at the center of the content revolution that you see happening. The amount of content that is being created for web, for video, mobile devices is just exploding. And you know, we are the people who make all that happen,” Narayen stated.
“And clearly we have significant partners in that space. Microsoft's one of those partners we work closely with. But, you know, we value our independence, and we continue to think that we just have tremendous opportunities ahead of us as a company,” he emphasized.
Adobe CEO Denies Marriage with Microsoft - Softpedia
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