Adobe Acquires Magento Commerce for $1.7 Billion

Adobe has acquired Magento Commerce for $1.68 billion. The Magento Commerce Cloud–which includes digital commerce, order management and predictive intelligence–will enable Adobe to integrate commerce into its Experience Cloud to enhance B2B and B2C shopping experiences, including industries like consumer-packaged goods, retail, wholesale, manufacturing and the public sector. In addition, Magento’s partners provide thousands of…

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