Logo
News

Microsoft Acquires GitHub For $7.5 Billion

GitHub is an essential tool for coders and software developers.

Microsoft Buy Github

The rumour of GitHub acquisition by Microsoft has finally stood true to its colour. In a recent statement, Microsoft has confirmed the buy-out of GitHub at a staggering cost of $7.5 Billion. Now, GitHub will be headed by Nat Friedman, former Xamarin CEO and Chris Wanstrath, the former CEO of GitHub will become a Microsoft technical fellow and work on strategic software initiatives.

In a statement by Microsoft’s spokesperson given to the TechCrunch,

Prior To The Deal

If we go by the recent reports, Microsoft is all set to acquire GitHub, which is a web-based hosting service and world’s biggest crowd-sourced code repository. It is mostly used for computer code. The company offers the distributed version control and source code management functionality. Tech giants like Apple, Amazon, Microsoft and Alphabet Inc.’s employs GitHub to manage their corporate code.

According to some sources, GitHub is quite impressed by the assertion of Microsoft CEO, Satya Nadella on coders and coding initiatives. In one of the statements of Nadella during his address of last year’s Build conference, “The opportunity for developers to have a broad impact on all parts of society has never been greater.”

The talks between GitHub and Microsoft was taking place from the last one year. Initially, the discussions were related to the partnership basis but, later turned out to be an acquisition. If the deal gets going, it will be a boon for Microsoft because the company is actively court developers. Furthermore, the addition of GitHub will extend the access to Microsoft of some 27 million software developers working on 80 million repositories of code.

The move of partnering with Microsoft might have come in the wake of back to back loses tormented by GitHub. In three quarters in 2016, the company loses were around $66 million, whereas the revenue stood at mere $98 million in nine months.

Last year in August, GitHub reported of finding a suitable person for the position of CEO. Earlier the position was held by Chris Wanstrath, one of the company’s co-founders. In the meanwhile, Julio Avalos, Chief Business Officer, was included in the company’s board of directors and was looking after the day to day business plans and strategies.

Adding more miseries to the services, web-based hosting was hit with the most massive DDoS attack ever recorded in the first week of March this year. The attack was denial-of-service that peaked at 1.35 terabits per second and made it the largest DDoS attack publicly reported to date. Though Github was able to restore itself in about 10 minutes.

As per reports, the deal is expected to be made public today. However, the valuation of the deal is yet not known but, if we go by the valuation of San Francisco-based company, which was last valued at $2 billion in 2015, then the closing sum would obviously surpass this figure. Once the companies shake hands, we will get back to you with full details, till then wait and watch. 

Manish <span>Content Strategist</span>
Written By
Manish Content Strategist

With a mixture of literature, cinema, and photography, Manish is mostly traveling. When he is not, he is probably writing another tech news for you!

Think Your Professional Journey
Deserves A Spot In Our 40 Under 40 Report?

Featured Blogs

News

iPhone X Users To Relish On Exclusive AR Lenses By Snapchat

4 min read  

Out of the blue, Snapchat started actualizing Apple's TrueDepth camera technology in its Lenses selfie highlight. The iPhone X users who utilize Snapchat will see AR masks fly up in the application that makes utilization of Apple's advanced facial mapping technology to superimpose the mask o

News

FullReader App Review: Read e-Books Of All Formats

2 min read  

We are so overloaded with information that it's impossible to imagine a day without reading. And while ones prefer to spend their time looking through mass media articles, the others have a vast collection of paper books on shelves or e-books on their devices. But the problem is - you may be an

News

Plenty Of Fish Plans To Revive Itself With New Conversation Features

4 min read  

Match Group, the company behind the most of the dating apps is all set to revive its one more dating service. The American organization that owns Tinder, Match.com and OkCupid has another dating tool Plenty Of Fish under its bag. Plenty of Fish which is also known as  POF was founded in 2003 an

News

Authors Are Furious At This AI Tool For Spoiling Their Content

4 min read  

For writers, not being a friend to Artificial Intelligence has become a natural tendency. AI is now creating stories, poems, songs, and whatnot, leading to an existential crisis among even the most celebrated authors across the world. Each emerging AI tool makes the importance of human-made art less

Featured Interviews

Interview

Interview With Coyote Jackson, Director of Product Management, PubNub

MobileAppDaily had a word with Coyote Jackson, Director of Product Management, PubNub. We spoke to him about his journey in the global Data Stream Network and real-time infrastructure-as-a-service company. Learn more about him.

MAD Team 4 min read  
Interview

Interview With Laetitia Gazel Anthoine, Founder and CEO, Connecthings

MobileAppDaily had a word with Laetitia Gazel Anthoine, Founder and CEO, Connecthings. We spoke to her about her idea behind Connecthings and thoughts about the company’s services.

MAD Team 4 min read  
Interview

Interview With Gregg Temperley, Founder Of ParcelBroker App

MobileAppDaily had a word with Gregg Temperley, Founder. We spoke to him about his idea behind such an excellent app and his whole journey during the development process.

MAD Team 4 min read  
Interview

Interview With George Deglin, CEO Of OneSignal

MobileAppDaily had a word with George Deglin, the CEO and co-founder of OneSignal, a leading customer messaging and engagement solution, we learn multiple facets related to customer engagement, personalization, and the future of mobile marketing.

MAD Team 4 min read  
MAD Originals
MAD Originals

Cut to the chase content that’s credible, insightful & actionable.

Get the latest mashup of the App Industry Exclusively Inboxed

  • PRODUCTS
  • SERVICES
  • BOTH
Join our expansive network, build connections and expand your brand presence.