Question

Which software company acquires Magento for USD 1.68 billion?
A.Microsoft
B.Autodesk
C.Adobe
D.Oracle

Answer 1

C. Adobe is the software company which acquires magento for USD 1.68 billion

Answer 2

Answer:

Adobe,a software company acquires Magento for USD 1.68 billion.

Explanation:

The California based giant software company Adobe announced its acquisition of Magento for USD 1.68 billion.

Magento was launched in 2008 and had been earlier undertaken by eBay in 2011 first and then it was privatized in 2015.

It works in B2B and B2C context and will help Adobe to compete with sales force and provide practicable in e-commerce space.

Also deal were seen as a way of Microsoft and Adobe coming closer as they will be able to collaborate better against Sales force.