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eBay Inc Completes Magento Acquisition – NASDAQ:EBAY

stocks-26eBay Inc NASDAQ:EBAY recently announced it completed its previously announced acquisition of Magento, Inc, the creators of Magento, a leading open source ecommerce platform. eBay’s current deal follows its acquisition of a minority stake in the company in 2010. With this acquisition effected company now owns 100% of the outstanding shares of Magento. Company did not disclose terms of the deal.

Magento is an open-source, feature-rich, enterprise-class commerce solution that offers merchants a high degree of flexibility and control over the user experience, catalog, content and functionality of their online stores.

EBAY is basically a Catalog Mail Order Houses industry company. The sales of company resulted $10.05 billion for last consecutive twelve months, and the company’s net income recorded $1.75 billion. The company’s growth of its sales in recent quarter vs. year ago quarter recorded 24.60% which is above the Industry benchmark of 38.20% and above from Standard and Poor’s benchmark of 15.90%.

Company is on an optimistic track of growth as the pre-tax margin of eBay Inc is 19.5% which is above the industry benchmark for pre-tax margin of 8.1% and above the Standard and Poor’s benchmark for pre-tax margin of 17.9%.

Company’s share value on August 18, 2011 decreased 7.64% and settled near $27.94. The overall volume in the last trading session was 16.64 million shares. Its fifty two week range was $22.14-$35.35. The total market capitalization remained $36.01 billion.

EBAY current stock price is moving below its 52 week low by 26.20% and moving below from 52 week high price by 20.96%. EBAY last month stock price volatility remained 4.40%. In its share capital EBAY has 1.29 billion outstanding shares while company’s float is 1.15 billion shares. Ownership of company is 82.24% institutional.

Founded in 1995 in San Jose, Calif., eBay Inc. NASDAQ:EBAY is about connecting buyers and sellers. We do so through eBay, the world’s largest online marketplace, which allows users to buy and sell in nearly every country on earth; through PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments; and through GSI, which facilitates ecommerce, multichannel retailing and digital marketing for global enterprises.

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