In a move that could help eBay improve its tools for online store developers, it has acquired Magento, the maker of an open source e-commerce platform. The online auctioneer last year acquired a minority stake in Magento, which is based in Los Angeles and has about 290 employees and tens of thousands of merchant customers.
Source: http://www.infoworld.com/d/the-industry-standard/ebay-buys-magento-boost-its-e-commerce-developer-tools-335
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