Which software company acquires Magento for USD 1.68 billion? – InterviewSolution

InterviewSolution

1.	Which software company acquires Magento for USD 1.68 billion?
Answer» The California based giant software company Adobe announced its acquisition of Magento for USD 1.68 billion. Magentowas founded in 2008 and had been earlier acquired by eBay in 2011 first and then went private in 2015. it works in B2B and B2C context and will help Adobe to compete with salesforce and provide functionality in e-commerce space. It works in B2B and B2C context and will help Adobe to compete with salesforce and provide functionality in e-commerce space.

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