Adobe Systems announced its $3.4 billion acquisition of Macromedia, a San Francisco-based software firm. The boards of both companies have already approved the merger; the deal is expected to be completed later this year. Both companies have products they have sought to build into platforms to deliver web-based content, their combined efforts will bring them head-to-head with Microsoft. At the same time, the merger raises several questions, including what the next steps should be for Adobe Systems.”]