Shockwave.com and AtomFilms To Merge
Shockwave.com and AtomFilms announced they have signed a definitive merger agreement. Under the terms of the agreement, shockwave.com will acquire AtomFilms in a stock-for-stock deal giving Shockwave shareholders 70% of the combined company. In addition, Macromedia, parent of shockwave.com, will now own less than 50% of the new firm. The combined company will announce its new name at the closing of the deal.