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Adobe: Magento Deal and $8 Billion Repurchase Program

Adobe: Magento Deal and $8 Billion Repurchase Program

Adobe Systems (ADBE) is expecting a $40.0 million revenue boost from Magento Commerce in its fiscal 2018. Magento is an e-commerce services provider that Adobe said last month it was acquiring for $1.7 billion, its largest deal in nearly ten years. Adobe said it expected the Magento deal to close soon.