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eCommerce Giant eBay Acquires Magento

Amplify’d from www.sumoheavy.com
Posted on June 6, 2011 by John Suder

Ebay announced today that it will acquire Magento, Inc., developers of the Magento eCommerce platform. The announcement comes after eBay announced in February to purchase a 49 percent stake in Magento, valued at $22.5 million.

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