On Monday,  , California, US-based software company announced their plans to acquire California-based handling web service for 1.68 billion  (USD). After Adobe made the announcement via their official website, Adobe's stocks rose by around one percent, ending Monday extended trading at USD 238.10 per share. Magento provides services for the creation of digital ads and handling of online transactions. Magento's services are used by ,  , , and . The acquisition, which is expected to take place in the third fiscal quarter of this year, is to be an all-cash deal. Adobe is to acquire Magento from equity firm. In 2015, Permira bought Magento from  , an eCommerce website. Adobe, in their official statement, said, "Magento Commerce Cloud will enable commerce to be seamlessly integrated into the Adobe Experience Cloud".
On Monday, San Jose , California, US-based software company announced their plans to acquire California-based handling web service for 1.68 billion US dollars (USD). After Adobe made the announcement via their official website, Adobe's stocks rose by around one percent, ending Monday extended trading at USD 238.10 per share. Magento provides services for the creation of digital ads and handling of online transactions. Magento's services are used by , Coca-Cola , , and . The acquisition, which is expected to take place in the third fiscal quarter of this year, is to be an all-cash deal. Adobe is to acquire Magento from equity firm. In 2015, Permira bought Magento from eBay , an eCommerce website. Adobe, in their official statement, said, "Magento Commerce Cloud will enable commerce to be seamlessly integrated into the Adobe Experience Cloud".
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