Tag: e-commerce platforms|eBay|Investment|Magento|online marketplaces|online payments|paypal
eBay’s Investment in Magento Revealed
eBay revealed at their latest analyst day that it owns a 49% stake in Magento and their invest $22.5 million one year ago. Magento announced back in March 2010 about the investment in a blog post without revealing the identity of the investor. eBay officially confirmed that they invested $22.5m in Magento in return for a 49 per cent stake in the four-year-old company on Thursday and caught many by surprise.…