Microsoft to Acquire GitHub, for $7.5 Billion in Stock

Microsoft (Nasdaq: “MSFT”) is to acquire GitHub, a San Francisco, CA-based provider of a software development platform, for $7.5 billion in stock.

The agreement, subject to customary closing conditions and completion of regulatory review, is expected to close by the end of the calendar year.

GitHub provides a software platform for more than 28 million developers in nearly every country representing more than 1.5 million companies across healthcare, manufacturing, technology, financial services, retail and more, to learn, share and collaborate.

Following the close of the deal, GitHub will operate independently to provide an open platform for all developers in all industries. Developers will continue to be able to use the programming languages, tools and operating systems of their choice for their projects — and will still be able to deploy their code to any operating system, any cloud and any device.

Microsoft Corporate Vice President Nat Friedman, founder of Xamarin and an open source veteran, will assume the role of GitHub CEO. GitHub’s current CEO, Chris Wanstrath, will become a Microsoft technical fellow, reporting to Executive Vice President Scott Guthrie, to work on strategic software initiatives.



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