May 21, 2018 / 8:17 PM / 3 months ago

Adobe to buy Magento Commerce in $1.68 bln deal

May 21 (Reuters) - Adobe Systems Inc said on Monday it would buy e-commerce platform Magento Commerce in a $1.68 billion deal.

The Photoshop maker also said it would buy back up to $8 billion in common stock through its fiscal year 2021. (Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva)

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