Marketplace Tools

Adobe Agrees Purchase for Magento for $1.7bn

Adobe Systems has agreed to buy ecommerce company Magento for US$1.7bn in a bid to capture a bigger slice of the digital commerce industry from Salesforce.com and Oracle. The Photoshop software provider is making its third-biggest acquisition to create an end-to-end system for designing digital ads, building e-commerce websites and other online customer experiences and …

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