Adobe to Acquire Magento for $1.68 Billion
Adobe to Acquire Magento for $1.68 Billion Popular open-source ecommerce CMS Magento, which supports over $155 billion in gross merchandise volume, will soon be acquired byAdobefor $1.68 billion. According to a recentreportfromTNW, the platform, which is currently owned by a private equity firm, will be handed over to Adobe in the third quarter of 2018. California-based Magento offers the back-end software that helps business build and run online stores, handle transactions, shipping and returns....