Microsoft has acquired GitHub for $7.5 billion in stock

Its been a week since we are hearing rumors about Microsoft acquiring GitHub, popular Git-based codeshare, and collaboration service. Yesterday, Microsoft confirmed that it had acquired GitHub. The price of the acquisition was $7.5 billion in Microsoft stock. GitHub raised $350 million, and the company was valued about $2 billion in 2015.

Microsoft to acquire GitHub for $7.5 billion

Former Xamarin CEO Nat Friedman and Now Microsoft corporate vice president will become GitHub’s CEO. The former CEO Chris Wanstrath will become Microsoft technical fellow and work on strategic software initiatives. Wanstrath has retaken his CEO role after co-founder Tom Preston-Werner resigned after a harassment investigation back in 2014.

“GitHub will retain its developer-first ethos and will operate independently to provide an open platform for all developers in all industries,” Microsoft spokesperson told TechCrunch

Hosting 85 million repositories and 28 million contributing developers, GitHub enjoys great popularity amongst developers and companies who host their code, entire projects, and documentation on the platform. GitHub is also being used by major technology companies such as Apple, Amazon, and Google. Competing with GitHub, Microsoft also launched Codeplex but later killed the project to become the top contributor on GitHub with over 1000 employees contributing to code repositories.

This is the second big acquisition of Satya Nadella, CEO of Microsoft. In 2016, Microsoft acquired LinkedIn in a $26.2 billion deal. LinkedIn has largely remained a separate entity just with some integration of Microsoft Office. Microsoft has promised that GitHub will remain independent and open, however, it is yet to be seen how Microsoft will expand GitHub’s enterprise services.

It is the second acquisition of Satya Nadella, CEO Microsoft. Back in 2016, Microsoft acquired LinkedIn for $26.2 billion.  Microsoft is acquiring GitHub because it’s a perfect fit for its own ambitions to be the go-to platform for every developer, and every developer need, no matter the platform.

Yet at the same time, it’s worth remembering that Microsoft is now a member of the Linux Foundation and regularly backs a number of open source projects. And Windows now has the Linux subsystem while VS Code, the company’s free code editing tool is open source and available on GitHub, as are .NET Core and numerous other Microsoft-led projects.

- Advertisement -
b4c58c5edf797ff99fcca559f7ac9651?s=96&r=g - Microsoft has acquired GitHub for $7.5 billion in stock
Muhammad Irfan Raza
Irfan Raza is Editor at TechWafer covering Everything about Apple including Mac, iPhones, iMac, iMac Pro, MacBook, and How-tos.

Recent Articles

vivo Launches Y20 with 5000mAh Battery, Triple Macro Camera and Side Fingerprint

vivo, the leading global smartphone brand, today announced the launch of its latest mid-range smartphone, the Vivo Y20 in Pakistan. vivo Y20 with 5000mAh Battery,...

OPPO launches Enco W51 headphones loaded with exciting features

Hoping to connect users' lives in a smarter way, OPPO launches a new entrant as part of its IoT strategy – OPPO Enco W51....

realme C17 launched with 90Hz Display, 6GB RAM and 128GB Storage

realme has finally launched the most affordable realme C17 with 6 GB + 128 GB large storage & 90Hz ultra-smooth punch-hole display at an...

HUAWEI Y9a – the Midrange King Goes on Sale across Pakistan Today

The HUAWEI Y series continues to exceed expectations of young consumers all over Pakistan. It is touted as a worthy digital companion that flouts...

TECNO’s has launched its Hero Phone Spark 6 in Pakistan

TECNO has launched its awaited Hero Phone Spark 6 – a mid-range phone with 6 upgraded features at the BOL game show- hosted by...

Trending

93,175FansLike
2,569FollowersFollow
519FollowersFollow
4,917FollowersFollow
900SubscribersSubscribe

Leave A Reply

Please enter your comment!
Please enter your name here