Advertisement
YOU ARE HERE: LAT HomeCollections

Business Briefing / Technology

Adobe has $1.8-billion deal to buy Omniture

September 16, 2009|Times Wire Reports

Adobe Systems Inc., the biggest maker of graphic design programs, agreed to buy online ad measurement company Omniture Inc. for $1.8 billion.

San Jose-based Adobe offered $21.50 a share, a 24% premium over Omniture's closing price Tuesday.

Adobe forecast earnings of 33 to 39 cents a share on revenue of $690 million to $740 million for the current period.

Adobe shares advanced 43 cents to $35.62. They have gained 67% this year.

Advertisement
Los Angeles Times Articles
|
|
|