eBay acquires Magento
On the morning of June 6th, Magento Inc announced that it had had reached an agreement to be acquired by eBay Inc. The pending acquisition – scheduled to close in the 3rd quarter of 2011 – will enable Magento to accelerate our growth and extend our reach as part of eBay Inc.’s X.commerce platform. eBay is evolving to become a strategic commerce partner focused on delivering new ways for merchants of all sizes to drive innovation. As a centerpiece of this strategy, they are building a global, open commerce platform that leverages the worldwide … Full Story