May 22, 2018 / 2:34 PM / 6 months ago

BUZZ-Shopify Inc: Down after Adobe buys rival Magento Commerce

** Canadian e-commerce software maker’s U.S-listed shares down 4 pct at $138.42 after Adobe Systems says it will buy rival Magento Commerce

** Magento, which counts Coca-Cola Co and Burger King among its customers, helps companies build online stores

** Analysts says the Adobe deal poses a threat to Shopify’s “Plus” that targets big brands

** Shopify’s shares down 5.8 percent at $178.39 on the Toronto Stock Exchange; shares had risen 40.2 pct YTD

** Up to Monday’s close, the U.S. listed shares had risen 37.6 pct YTD (Reporting by Akshara P in Bengaluru)

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