Magento changed hands a few times now already. Currently, it is in the possession of Adobe that bought it in 2018, setting the stage for a heated Shopify or Magento rivalry.
Magento was first acquired by eBay, which bought most of its shares in 2011. The rest of it was bought a year later. However, they sold it in 2015 to Permira. The last time Magento changed hands was in 2018 when it was bought by Adobe for a figure of $1.68 billion.