Microsoft Acquires GitHub For $7.5B

Posted on Monday June 04, 2018  |  microsoft, Programming

As rumored, Microsoft said Monday that it has acquired code repository website GitHub for a whopping sum of $7.5B in Microsoft stock. Microsoft Corporate Vice President Nat Friedman, founder of Xamarin and an open source veteran, will assume the role of GitHub CEO. GitHub's current CEO, Chris Wanstrath, will become a Microsoft technical fellow, reporting to Executive Vice President Scott Guthrie, to work on strategic software initiatives. From the blog post: "Microsoft is a developer-first company, and by joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation," said Satya Nadella, CEO, Microsoft. "We recognize the community responsibility we take on with this agreement and will do our best work to empower every developer to build, innovate and solve the world's most pressing challenges." Under the terms of the agreement, Microsoft will acquire GitHub for $7.5 billion in Microsoft stock. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to close by the end of the calendar year. GitHub will retain its developer-first ethos and will operate independently to provide an open platform for all developers in all industries. Developers will continue to be able to use the programming languages, tools and operating systems of their choice for their projects -- and will still be able to deploy their code to any operating system, any cloud and any device. The two companies, together, will "empower developers to achieve more at every stage of the development lifecycle, accelerate enterprise use of GitHub, and bring Microsoft's developer tools and services to new audiences," Microsoft said. A portion of the developer community has opposed the move, with some already leaving the platform for alternative services. Update: In a conference call with reporters, Mr. Nadella said today the company is "all in with open source," and requested people to judge the company's commitment to the open source community with its actions in the recent past, today, and in the coming future. GitHub will remain open and independent, Mr. Nadella said.