adobe to acquire macromedia

ok, leave it to me to do the nerdy posting.
as mac minute reports:

Adobe to buy Macromedia
Adobe Systems today announced that it plans to acquire Macromedia in a stock-based deal valued at approximately US$3.4 billion. "The combination of Adobe and Macromedia strengthens our mission of helping people and organizations communicate better," the companies said in a statement. "Through the combination of our powerful development, authoring and collaboration tools –- and the complementary functionality of PDF and Flash -– we have the opportunity to drive an industry-defining technology platform that delivers compelling, rich content and applications across a wide range of devices and operating systems. By combining the passion and creativity of two leading-edge companies, we will continue driving innovations that are changing the ways people everywhere are experiencing and interacting with information."

some of you may not realize, but this is gonna be wAcKy. adobe is already the industry leading creative software company and the only thing that can hold a candle to them is macromedia.. given, they specialize mostly in different areas of software, but with this merger, adobe will run the entire gamut of creative software and create a monopoly.

speaking of i dont know much about computers.. has anyone heard from nick kester lately?