Is Microsoft acquiring GitHub?

Is Microsoft acquiring GitHub?

Is Microsoft acquiring GitHub?

Many developers use GitHub to handle version control for their projects, to collaborate with other people, and in some cases to distribute their software directly to their users.

Facebook, Apple, and Google all use Github, but few other companies contribute as much as Microsoft, which has more than 1,000 employees actively pushing repositories to the service. As with all acquisitions, this one between Microsoft and GitHub is subject to regulatory approval and "customary closing conditions", but assuming that all goes smoothly, Microsoft expects the deal to close by the end of the calendar year.

Bloomberg reported that the company was swayed to sell instead of going public because it was impressed with Microsoft CEO Satya Nadella. In total, some 28 million developers use GitHub, with 85 million code repositories. GitHub is the code-repository company popular with many software developers. Monday's announcement concludes multiple years worth of discussions which included a $5 billion price tag for GitHub last year.

"Most importantly, we recognize the responsibility we take on with this agreement", Nadella wrote.

Satya Nadella, CEO of Microsoft, has written about the acquisition on the Official Microsoft Blog, stating that "Developers are the builders of this [digital technology] era, writing the world's code".

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Once the acquisition closes later this year, GitHub will be led by CEO Nat Friedman, Microsoft said in its statement.

New deals demonstrate Microsoft's push away from Windows as it doubles down on innovation and growth markets like the cloud, IoT, enterprise collaboration and cybersecurity. Their focus on developers lines up perfectly with our own, and their scale, tools and global cloud will play a huge role in making GitHub even more valuable for developers everywhere.

Moody's analyst Richard Lane said the deal reflects Microsoft's "ongoing pivot to open source software, seeking to further broaden its large and growing development community". Microsoft will use a portion of the remaining ~$30 billion of its current share repurchase authorization for the purchase.

In August, GitHub announced that it was looking for a CEO to replace Chris Wanstrath, one of the company's co-founders.

GitHub will reportedly continue to operate as an independent entity within Microsoft. The Microsoft store on Fifth Avenue in Midtown Manhattan is shown June 4, 2018 in New York City.

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