Adobe acquires ecommerce CMS Magento for $1.68 billion

The Next Web
By Abhimanyu GhoshalMay 22, 2018, 1:05 am346 ptsTrending
Adobe has agreed to acquire Magento, a popular ecommerce CMS, presently owned by a private equity firm, for $1.68 billion. The deal will close in the third quarter of 2018. The Magento platform has long been regarded as a solid choice for companies who want to build and manage online stores; Bloomberg notes…

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