Microsoft is acquiring GitHub. After reports emerged that the software giant was in talks to acquire GitHub, The tech company, which stays at the center of software development nowadays. Microsoft is making it official today. This is Microsoft CEO Satya Nadella’s second big acquisition, following the $26.2 billion acquisition of LinkedIn two years ago. GitHub was last valued at $2 billion back in 2015, and Microsoft is paying $7.5 billion in stock for the company in a deal that should close later this year.
GitHub is a large code repository that has become very popular with developers and companies hosting entire projects, documentation, and code. Apple, Amazon, Google, and many other big tech companies use GitHub. There are 85 million repositories hosted on GitHub, and 28 million developers contribute to them. GitHub will now be led by CEO Nat Friedman, the founder of Xamarin, who will report to Microsoft’s Cloud and AI chief Scott Guthrie. GitHub CEO and co-founder Chris Wanstrath will now become a technical fellow at Microsoft.
Redmond, Washington-based Microsoft is now one of the biggest contributors to GitHub, and as Nadella moves the company away from complete dependence on the Windows operating system to more in-house development on Linux, the company needs new ways to connect with the broader developer community.
GitHub preferred selling the company to going public and chose Microsoft partially because it was impressed by Nadella, said one of the people, who asked not to be identified discussing private information. Terms of the agreement weren’t known on Sunday. GitHub was last valued at $2 billion in 2015.
In August, GitHub announced that it was looking for a CEO to replace Chris Wanstrath, one of the company’s co-founders. In the interim, GitHub’s Chief Business Officer Julio Avalos joined the company’s board of directors and took over much of the day-to-day leadership of the company.
Microsoft had a very bad experience with the developers’ community in the past. The most important thing is the company should look after its acquisitions with so much care. For now, we at Tech Includes would like to have GitHub as an independent platform even after the acquisition. Let us know your opinion on it in the comment section.