Adobe announced yesterday plans to buy Magento e-commerce platform for $1.68 billion. Magento is an online-store-as-a-service platform. Adobe plans to embed the Magento Commerce platform into the Adobe Experience Cloud offering. The transaction is expected to complete by the end of Q3 2018. Development on the open source platform will continue as before, with the same community of over 300,000 developers. Shopify has a larger install base than Magento, which is due to its longer life on the market for cloud-hosted online stores.
Source: https://www.bleepingcomputer.com/news/business/adobe-to-acquire-magento-e-commerce-platform-for-168-billion/