Monday, June 06, 2011
eBay Buys the Rest of Magento
Newsflash! eBay acquires Magento the open source shopping cart. Well they actually acquired the rest of Magento since they already owned 49% prior to this news.
When it comes to eBay and their M&A activity I sometimes scratch my head, but this seems like a no-brainer move since they already owned 49% now they have control of the company and in theory can maximize the investment.
I am very curious to see what they do with all of the recent moves. I could speculate of course about what I think they would do but when it comes to eBay you never know.
Just my 15%