The past several years have been an amazing journey for Magento, as we’ve grown from a new open source platform into an eCommerce leader. Along the way, we’ve built not only a platform, but a company and a worldwide community. Together, we’ve identified opportunities, taken risks, innovated, struggled, succeeded, and changed the face of eCommerce. Today marks a milestone on this journey as we announce the most exciting news in our company’s history.
Magento has reached an agreement to be acquired by eBay Inc. We believe this move will open incredible opportunities for the entire Magento ecosystem.
It’ll be interesting to see what happens to Magento now. eBay have had a minority stake in Magento for quite some time, so I’m not sure why either party decided that a full acquisition was needed.I just hope they don’t become a more closed platform, and start giving priority to eBay partners (e.g. Paypal).