ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Others

Adobe acquires Magento for USD 1.68 billion

California [United States], May 22 (ANI): Adobe has announced that it is acquiring Magento that works in B2B and B2C context for USD 1.68 billion.

ANI May 22, 2018 12:44 IST googleads

Adobe

California [United States], May 22 (ANI): Adobe has announced that it is acquiring Magento that works in B2B and B2C context for USD 1.68 billion.
Magento will help Adobe compete with Salesforce and provide functionality in e-commerce space.
The acquisition will help Adobe close the loop with consumers in the company's Experience Cloud. The deal is also seen as a way of Microsoft and Adobe coming closer as they will be able to collaborate better against Salesforce, TechCrunch reported.
Magento was founded in 2008 and was first acquired by eBay in 2011. The company again went private in 2015. (ANI)

Get the App

What to Read Next

Science

Astronomers observe largest ever sample of galaxies up to over 12

Astronomers observe largest ever sample of galaxies up to over 12

The largest sample of galaxy groups ever detected has been presented by a team of international astronomers using data from the James Webb Space Telescope (JWST) in an area of the sky called COSMOS Web.

Read More
Internet

Alibaba releases new AI model "comparable" to rivals

Alibaba releases new AI model

The model, which was released on open source outperformed DeepSeek's R1, which boasts 671 billion parameters, in areas such as mathematics, coding and general problem-solving

Read More
Mobile

Apple announces iPhone 15 Pro with Titanium design

Apple announces iPhone 15 Pro with Titanium design

Apple on Tuesday officially unveiled its new high-end iPhones: the iPhone 15 Pro and 15 Pro Max. And guess what? They are made of titanium.

Read More
Internet

Twitter users can hide Blue tick

Twitter users can hide Blue tick

After the implementation of paid subscription service which charges USD 8 for a blue verification badge on the microblogging site, X CEO Elon Musk has introduced a new feature to hide the Blue tick.

Read More
Others

Microsoft claims having no idea why 'Call of Duty' is special

Microsoft claims having no idea why 'Call of Duty' is special

Last year in January Microsoft announced it would spend USD 68.7 billion to acquire Activision Blizzard, highlighting how it would get 'Call of Duty', 'Warcraft' and 'Candy Crush' for that fee.

Read More
Internet

Elon Musk reacted to losing 200 billion USD from net worth

Elon Musk reacted to losing 200 billion USD from net worth

The multi-billionaire received a tweet from user 'Brianna Wu', which read, "You worked hard this year and lost over 200 billion. I believe that this year you will surpass yourself with even worse decisions". Here's how he responded.

Read More
Others

First Indian Twitter user talks about Elon Musk's takeover

First Indian Twitter user talks about Elon Musk's takeover

ANI spoke to Naina and learned how much Twitter has changed since the time she joined it and even asked her the big question, which is whether she will pay the Rs 650 rupees fee to Twitter for her blue tick.

Read More
Internet

"Trash me, but it'll cost USD 8: Musk on Twitter bue tick fee

On Saturday, Musk took to Twitter and reiterated his stance on the blue tick fee. "Trash me all day, but it'll cost $8," he tweeted.

Read More
Tech

Elon Musk reacts to blue tick fee backlash

Elon Musk reacts to blue tick fee backlash

Twitter's new owner Elon Musk has a message for people who have been criticising his decision to charge microblogging site users to get a verified account.

Read More
Internet

Elon Musk comments on whether Donald Trump will return to Twitter

Elon Musk comments on whether Donald Trump will return to Twitter

In the weeks and months leading up to his purchase, Elon Musk, who took over Twitter in a USD 44 billion deal last week, had pledged to reinstate Donald Trump's account.

Read More