According to Recent sources, Microsoft has agreed to acquire GitHub, a code computing company popular among many software developers, and could officially announce the deal as soon as possible.
While the acquisition is still making the final rounds, Microsoft has shown keen interests in order to acquire the company at large. The price of the acquisition, if taking place, would be valued at around $7.5 billion in Microsoft stock. Following a series of strategic executions, Microsoft surpassed its own GitHub competitor, codeplex, and is now the top contributor to GitHub. Microsoft now has more than 1,000 employees actively generating code to GitHub repositories. Until Recent times, the organizations began talks about collaboration but later progressed to discussing an acquisition. The question about the acquisition will largely be what Microsoft does with GitHub in the future. Though Microsoft would be on the verge of making this purchase, GitHub will need to stay as separate as possible in order to maintain the developer trust among external associates and audiences.
GitHub began as a tiny corner on the Internet back in 2008 with four budding programmers. It is an essential tool for coders, which has been very popular with developers and companies hosting entire projects, documentation and codes. There are 85 million repositories hosted on GitHub, and 28 million developers contribute to them. While its losses have been significant with a loss of $66 million over three quarters in 2016, it still managed to generate revenue of around $98 million in nine months that year.
GitHub preferred selling the company rather than going public and had a partial inclination towards Microsoft because of the prevalent trust factors the company had towards the giant’s present CEO, Satya Nadella. “We will accelerate enterprise developers’ use of GitHub, with our direct sales and partner channels and access to Microsoft’s global cloud infrastructure and services,” says Nadella, in a recent tech report.
In an effort to catch up to TikTok in the short-video industry, YouTube, which is controlled by Google, has announced...Read more