Microsoft agrees to acquire coding website Github

According to Nasdaq.com, Microsft's stock went up to two percent right after the Business Insider report came out.

Credible sources indicate that the deal could be announced as early as today, Monday June 4th. Full news release below.

Recent reports out of Redmond this weekend suggest Microsoft (MSFT) is set to acquire the popular coding website GitHub, which was last valued at last valued at $2 billion in 2015.

Microsoft also is looking at the GitHub Markeplace as a way to get its own tools and services in front of developers.

Microsoft has reached an agreement to buy GitHub, the source repository and collaboration platform, in a deal worth $7.5 billion.

The deal is expected to pass regulatory review and close by the end of 2018.

It's free to use GitHub for open-source projects, but some developers and businesses pay a monthly fee to access private code repositories and other services. The acquisition should help Microsoft expand its focus on developing AI, tools and services that work across devices. Wanstrath had retaken his CEO role after his co-founder Tom Preston-Werner resigned following a harassment investigation in 2014.

"I'm extremely proud of what GitHub and our community have accomplished over the past decade, and I can't wait to see what lies ahead".

Microsoft CEO Satya Nadella knows this well.

The deal reflects the company's ongoing pivot to open source software and seeks to further broaden its large and growing development community, Moody's analyst Richard Lane said.

GitHub would just add to that strategy: Developers already love GitHub - in fact, in 2017, Microsoft killed Codeplex, its own GitHub competitor, saying that the startup's popularity made its own efforts redundant and unnecessary. "And value creation and growth across every industry will increasingly be determined by the choices developers make".

The code repository has been used by some of software development's biggest names including Apple, Google, and Amazon.

There is a GitHub replacement called GitLab, but developers are still split on the news.

Negotiations talks by the tech giant Microsoft to acquire GitHub started in 2016, but never advanced enough, until now. The all-stock deal is expected to close by the end of the year, subject to regulatory approval in the U.S. and EU.

  • Arturo Norris