Microsoft to Acquire GitHub

Microsoft to Acquire GitHub

Microsoft to Acquire GitHub

The Verge pointed out that Microsoft even hosts its the source code for its original Windows File Manager on GitHub.

Bloomberg, citing sources familiar with the matter, reported that GitHub opted to sell to Microsoft in part because the company was impressed with Microsoft CEO Satya Nadella, who took the reins from former chief executive Steve Ballmer in 2014. The company has since grown to feature video game consoles (Xbox), consumer electronics, personal computers and cloud services (Microsoft Azure).

Microsoft has reportedly agreed to acquire code repository GitHub, according to Bloomberg.

GitHub now has over 27 million software developers contributing to over 80 million repositories of code. Selling to Microsoft would provide them a way forward.

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Microsoft's CEO of Xamarin, Nat Friedman, is taking over as CEO of the San Francisco-based development platform. Of all days Microsoft could have announced its GitHub acquisition, of all the Mondays in a year, the company may have chosen the day when Tim Cook and Co. step out on stage to unveil new products that will compete directly against Microsoft's computing solutions.

As per the company's official blog post, Redmond has acquired GitHub for $7.5 billion in Microsoft stock. And as CNBC points out, data from GitHub could also help Microsoft better its artificial intelligence capabilities. It's worth noting that Microsoft does use GitHub, just like Google and other tech companies.

Github, which was valued at $2 billion back in 2015, generates $200 million in subscription revenue including $110 million from enterprise customers, but is not now profitable, having lost $66 million over three quarters in 2016. Microsoft previously paid $26.2 billion for LinkedIn in 2016, and GitHub's price tag is expected to be in the same $10 billion - $20 billion range. In case you're wondering what will happen to current CEO Chris Wanstrath, he'll continue his work as a Microsoft technical fellow. Its also donated numerous software to the open-source community, including Visual Studio Code, PowerShell and the Microsoft Edge JavaScript Engine. Microsoft's deep pockets can, at least, ensure that GitHub stays active for a long time.

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