Adobe Systems Inc said on Monday it would buy e-commerce services provider Magento Commerce from private equity firm Permira for $1.68 billion in cash, its biggest deal in nearly a decade.
Shares of Adobe were up about 1 percent in extended trading after the Photoshop maker also said it would buy back up to $8 billion of shares through its fiscal year 2021.
Adobe said the deal will help bolster its experience cloud business, which provides services including analytics, advertising, and marketing.
#marketing #ecommerce #business #advertising #analytics #commerce #trading #magento #shares #serviceproviders
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Adobe Systems Inc said on Monday it would buy e-commerce services provider Magento Commerce from...
First published on LinkedIn on May 21, 2018, 9:10 PM UTC (original). Kept here in full so it stays available; the media are this site's copies of the ones on LinkedIn, also in Venkata Pagadala - Universe.
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