Adobe announced an acquisition of Magento for $1.68B. Magento is a cloud-based e-commerce service used by various companies and famous brands. This is one of the most popular tools for e-commerce platforms & marketplaces. Magento has an interesting storyline of acquisitions: the company was acquired by eBay for reportedly $180M in 2011.
Then it was taken back privatewith help from Permira Funds in 2015.Will $ADBE reach $300 by August?
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