Microsoft to Acquire GitHub

Microsoft to Acquire GitHub

However, Microsoft is GitHub's largest contributor with over 1,000 Microsoft employees contributing code to the repositories frequently. The deal could be announced as soon as today, according to Bloomberg. Microsoft might pay upwards of $5 billion for the company. More importantly for Microsoft, perhaps, the acquisition would give it the opportunity to integrate its cloud and development tools more closely with some of the most popular open-source projects.

Microsoft Corp.is set to make one of the biggest tech acquisitions so far this year, with reports Sunday that it has agreed to acquire the open-source software development platform GitHub.

Microsoft has long had a complicated relationship open-source software-which is typically free to use and open for all developers to tweak and commercialize.

Since Satya Nadella took over the reigns of Microsoft, that stance has softened with large swathes of the .NET runtime and various other products being made available for the first time, whilst Windows 10 is now capable of supporting a simultaneous Linux runtime.

And many in the company were defending Microsoft's commitment to GitHub and its principles, even before the deal was announced.

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Sources familiar with the talks said that GitHub preferred selling the company to going public, and chose Microsoft because it was impressed by Nadella.

Despite Microsoft's embrace of open-source, GitHub users are split on an acquisition. GitHub allegedly hosts over 80 million code repositories and 27 million developer accounts.

GitHub is an essential tool for coders.

Github, which was valued at $2 billion back in 2015, generates $200 million in subscription revenue including $110 million from enterprise customers, but is not now profitable, having lost $66 million over three quarters in 2016.

Apparently, GitHub is willing to carry out an agreement, if certain conditions are met, of which one is to remain independent and continue with the same dynamic that they are developing from the beginning, say sources of Business Insider. In fact, just a year ago, Microsoft shut down CodePlex, which is like GitHub although it launched back in 2006. If it's not making money, some bigger company will have to buy it to keep it afloat.

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