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eBay Inc. Completes Acquisition Of Magento
eBay Inc. announced that it has completed its previously announced acquisition of Magento, Inc., the creators of Magento, a company in open source ecommerce platform. The deal follows eBay’s acquisition of a minority stake in the company in 2010. eBay now owns 100% of the outstanding shares of Magento. Terms of the deal were not disclosed.
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