Soon after the biggest news have arrived reporting Microsoft would be acquiring GitHub, Microsoft had made it official that they have done the deal for $7.5 billions dollars.
This is Microsoft’s CEO Satya Nadella’s second big acquisition after the purchase of LinkedIn at $26.2 billion two years ago. The value of GitHub was $2 billion in 2015, and Microsoft agreed to pay $7.5 billion in stock for the company in a deal that should close later this year.
GitHub is a large popular code repository hosting service which is used by the developers to host their projects, documentation, and code in the cloud using the popular Git source management system. They are used by companies like Apple, Amazon, Google, Facebook, and IBM to store their code and privately collaborate on software. There are 85 million code repositories hosted on GitHub, and 28 million developers contribute to them.
Even after acquisition, GitHub will continue to operate independently and will remain an open platform. It will now be led by CEO Nat Friedman, the founder of Xamarin, who will report to Microsoft’s Cloud and AI chief Scott Guthrie.
This decision has been looked upon with fear by some developers and open source community, with some Twitter users declaring the death of GitHub and open source software, while some have thought about switching to rival services such as BitBucket or GitLab.