Microsoft is acquiring GitHub for $7.5 billion

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Microsoft
Image Courtesy: CNET.com

Microsoft is acquiring GitHub, the largest repository network
for $7.5 billion, the company said in a statement today. It’s a
bold move to try to catch up the fast-growing Git-repository
hosting service, and this is the best result for
everyone including GitHub itself. The software giant will
acquire GitHub for $7.5 billion in stock, and the
acquisition would be finalized the end of the calendar year.

With GitHub, the software giant could foster the community
and build out free tools for developers, which will help them
build applications for all platforms.

News of the acquisition emerged late last week, and a
report yesterday revealed that the software giant has already
purchased GitHub. If the report is believed to be true,
Microsoft and GitHub reached an agreement because of Satya
Nadella. Microsoft is focusing on open source and free tools
for developers, and this approach is believed to align with
GitHub’s concept.

“Microsoft is a developer-first company, and by joining forces
with GitHub we strengthen our commitment to developer freedom,
openness and innovation,” said Satya Nadella, CEO, Microsoft.

“We recognize the community responsibility we take on with this
agreement and will do our best work to empower every developer
to build, innovate and solve the world’s most pressing
challenges,” he added.

“I’m extremely proud of what GitHub and our community have
accomplished over the past decade, and I can’t wait to see what
lies ahead. The future of software development is bright, and
I’m thrilled to be joining forces with Microsoft to help make
it a reality,” said Wanstrath, GitHub’s current CEO.



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