eBay buys Magento

According to official press-release published today at eBay web site, auction giant acquired rest of share in Magento Inc, the creator of Magento e-commerce – one of the most popular open source e-commerce platforms. Last year eBay already bought 49% stake in Magento and today announced the full ownership purchase.

According press-release, Magento will be used to build new product from eBay, X-commerce:

X.Commerce, eBay’s newly created integrated open commerce platform group, is focused on leveraging the company’s assets and partner technologies to build a strong, robust developer community as a resource for merchants and retailers of all sizes

It’s interesting to track how the situation will develop and what happen with Magento open-source solution. It would be pity if eBay decides to shut it down.

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