On the 6th of July, eBay Inc. announced that it has agreed to acquire Magento Inc., the creator of Magento, a leading open source ecommerce platform. The deal follows eBay’s acquisition of a minority stake in the company in 2010. Upon closing of the transaction, eBay will own 100% of the outstanding shares of Magento. Terms of the deal were not disclosed. The transaction is expected to close in Q3 2011.
It was also announced that Magento will join X.Commerce, eBay’s newly created integrated open source platform group. According to this announcement, the 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.
This blog was created to gather all the possible information about X.Commerce, the new generation eCommerce platform in the world.
The thing is that after Magento has reached an agreement to be acquired by eBay Inc, many people, including both shop owners and developpers, are worried about the future of Magento platorm and community.
Some answers regarding this event can be found in this FAQ.
eBay will share more details about the initiative with developers during the X.Commerce Innovate conference (formerly called the PayPal Innovate conference) on October 12-13 in San Francisco.
Having questions about the conference? Here’s the FAQ.
By now, not much information about X.Commerce can be found, so we’ll try to shed some light on it.
Stay tuned to the news about X.Commerce and find more about it!