The Times says that the companies were investigating ways to partner in order to do battle with Apple. One option was for Microsoft to acquire Adobe, a claim that has seen Adobe's stock price surge by more than 10 percent.
Microsoft is thought to have investigated buying Adobe some years ago, but abandoned the idea with the expectation of running into new antitrust problems. With Apple and Google now such strong competitors, such a purchase may now be a viable option. Regardless of the legal difficulties, a partnershipâ€”and, indeed, a Microsoft purchaseâ€”makes sense.