eBay

In CMS Report's mailbag this week we received an email from one of the press folks representing eBay as well as Magento, an eCommerce platform and shopping cart. As we reported last year, eBay agreed to acquire Magento and since then, eBay has placed Magento under the banner of X.commerce. X.commerce intends to bring together the technology assets and developer communities of eBay, PayPal and Magento to support eBay Inc.'s mission of enabling commerce.

Magento: "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."