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Home >> Blogs >> Microsoft Acquires GitHub for $7.5 Billion

Microsoft Acquires GitHub for $7.5 Billion

2018-08-02 13:43:19

The name GitHub may not concern you, but rather for developers, it's a major ordeal. GitHub is the biggest host of source code in the world; it has more than 57 million project archives and more than 28 million users depend on it to keep that code sheltered and accessible. Now, Microsoft owns it.

Bloomberg at first disclosed that Microsoft was on the verge of acquiring GitHub, and now Microsoft has confirmed the procurement for an eye-watering $7.5 billion. In 2015, the organization was esteemed at approximately $2 billion.

Microsoft CEO Satya Nadella affirmed the acquisition, expressing "Microsoft is a developer-first company, and by acquiring GitHub, we fortify our commitment to developer flexibility, receptiveness, and advancement... We acknowledge the responsibility we take on with this assertion and will do our best work to engage each developer to build, pioneer, and resolve the world's most squeezing challenges."

The developers who were concerned about this acquisition in the past are now worried about what Microsoft would do the service. Microsoft is centered around offering proprietary software, though GitHub has dependably been a companion of open source, offering free accounts to such activities. Activity overnight mirrored that this issue is real, with GitHub alternative GitLab getting a huge surge in project relocations from GitHub.

Designers can unwind a bit, however. Microsoft clarified that "GitHub will hold its developer-first ethos and will work autonomously to give an open platform to all engineers and developers in all enterprises." As it were, GitHub will keep on operating as normal, with no enormous changes happening, at least until further notice.

As far as the management changes are concerned, Microsoft Corporate Vice President Nat Friedman, the founder of Xamarin, will become the new CEO of GitHub. Chris Wanstrath, the present CEO, will become a Microsoft technical fellow dealing with key programming activities.

Wanstrath stated, "I'm greatly pleased with what GitHub and our community have achieved over the previous decade, and I can hardly wait to perceive what lies ahead. The future of software development is splendid, and I'm excited to unite with Microsoft to help make it a reality. Their attention on developers lines up flawlessly with our own, and their scale, apparatuses, and global cloud will play a colossal part in making GitHub much more significant for developers all over." The acquisition won't be closed until the point when the standard closing conditions and an administrative audit is completed.

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