Adobe Inc. has announced the buyout of e-commerce platform Magento for $1.68b. This is the biggest deal for Adobe in last one decade. Magento was acquired by Private Equity firm Premira from e-Bay in 2015.
Over last few years Magento has established itself as one of the leading players in providing e-commerce solutions. Some of the clients include names like Coca-Cola, Nestle, and Cathy Pacific.