eBay Acquire Magento

On-line auction giant eBay has announced it has agreed terms to the purchase of popular open source e-commerce software Magento.

The deal is hardly surprising as just last year eBay purchased a 49% stake in the company for around $22.5million, as it is thought eBay wish to incorporate Magento into its own ‘X Commerce’ software – however it will continue as a stand alone business until a way of doing this is figured out.

We don’t often use Magento here at dijitul, however, it will be very interesting to keep an eye on what it, along with eBay and Paypal can conjure up.

If you would like any help or assistance in getting your business online or information on eCommerce design, then please call the team on 01623 650333.