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...today, Adobe announced that the company has entered into a definitive agreement to acquire Magento Commerce, a market-leading platform for open commerce innovation.
Combined with Adobe Experience Cloud, the Magento Commerce Cloud will bring digital commerce, order management and business intelligence to enable both B2B and B2C shopping experiences across the customer journey.
The acquisition is expected to close in the third quarter, subject to regulatory approvals and other customary closing conditions. Until the transaction closes, each company will continue to operate independently, and once the deal closes, we’ll be able to share more details about the integration plans and service offerings