Microsoft's new mobile OS, Windows Phone 7, is going to have a lot to cover a lot of ground to catch up to the popularity of BlackBerry, Android, and iPhone in the U.S. However, a new rumor suggests that the company may be partnering with Adobe to bring the fight to WP7's competitors, specifically the iPhone. Microsoft CEO recently made a trip to Adobe's offices to meet with Shantanu Narayen, Adobe CEO, and one of the main topics of their conversation was the iPhone and its large share of the market. One possible plan of attack involves Microsoft acquiring Adobe. This could mean that Flash would be a big feature included with WP7, which Microsoft and Adobe think could steal some of the iPhone's thunder.
An acquisition of Adobe by Microsoft would be huge, and likely could have more ramifications in the mobile space than just an attack on the iPhone's popularity. One feature often touted by Android manufacturers and users is Flash integration, but Microsoft may pull the plug it if they were to acquire Adobe. Everything is purely speculation and rumors at this point, though, so we'll just have to wait and see how things pan out.