Microsoft Agrees To Acquire GitHub For $7.5 Billion

Microsoft reportedly in talks to acquire GitHub

Microsoft Agrees To Acquire GitHub For $7.5 Billion

Microsoft has reached an agreement to buy GitHub, the source repository and collaboration platform, in a deal worth $7.5 billion.

Now, although the rumoured acquisition is yet to be confirmed by either party, fellow web-based version control hosting service provider Gitlab appears to be ramping up its efforts to lure Github users who might not be entirely happy with Microsoft's reported acquisition of the company.

"Developers will be at the center of solving the world's most pressing challenges", Nadella said in a blog post Monday.

With over 27 million users and 80 million repositories of code, GitHub is the largest host of source code in the world.

Apparently, this isn't the first time that Microsoft has considered purchasing GitHub.

It is understood that GitHub consciously chose to be acquired rather than launch an IPO and Nadella's attitude was said to be part of the reason for selecting Microsoft. TNW reports many developers jumped ship ahead of the official confirmation.

Microsoft's Corporate VP of Communications, Frank Shaw, has responded to the rumors by noting that they do not comment on this sort of speculation.

GitHub, which has been described as Facebook for programmers, was reportedly interested in becoming a publicly traded company as of just six months ago and was in the process of exploring a potential IPO, per Business Insider.

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Microsoft will partly help GitHub expand to more developers in large organizations, a market the tech giant knows well.

The change may have occurred when CEO of GitHub, Chris Wanstrath stepped down in August 2017.

Launched in April 2008, GitHub has since become a huge site for software developers to upload and share their code and projects, especially when it comes to uploading open-source projects.

Will GitHub still be the same under Microsoft ownership?

GitHub will operate independently, Nadella said, and former Xamarin CEO and current Microsoft employee Nat Friedman will take over as CEO. "We can understand why GitHub would show that same level of uniqueness as it is the primary repository and cloud service developers use to store and share their code". What we really needed was an easier way to work with others regardless of whether the code was public, private, or something in-between.

Microsoft has talked to GitHub on and off for a few years.

Specifically, Microsoft says that it wants to grow enterprise use of GitHub and use it as a platform to deliver its tools to more developers. Previously, in the early 2000s for example, Redmond was critical of the open source approach to software development.

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