Microsoft acquires GitHub for $7.5 Billion!

For the past few days there have been rumors of a pending acquisition of GitHub by Microsoft for $2 billion dollars or more. It is rumor no more. Today Microsoft announced that they are acquiring GitHub for a cool $7.5 billion dollars in stock. 

Microsoft’s Nat Friedman will assume the role of GitHub’s new CEO. Nat Friedman came over to Microsoft from their earlier acquisition of Xamarin.

GitHub has a very strong open developer community and hosts one of the largest open source software repositories in the world. Microsoft in the past few years has become one of the biggest, if not the biggest, contributors to open source on the GitHub platform.

Read more about it here: https://news.microsoft.com/2018/06/04/microsoft-to-acquire-github-for-7-5-billion/

 

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