MANILA, Philippines – Following earlier reports of talks, Microsoft has acquired web-based hosting service and code repository company, Github, Bloomberg reported Monday, June 4.
The San Francisco-based startup hosts open source projects for companies that include Google, Facebook, Twitter, and even Microsoft.
Despite Github being valued by investors at $2 billion in 2015, the company preferred being bought out than going public. Bloomberg said the decision to go to Microsoft was partly because of the company being impressed by Chief Executive Officer Satya Nadella.
The deal would give Microsoft access to 27 million software developers working on 80 million repositories of code. Microsoft benefits from this by adding programming tools and partnering with a company that has become vital in the way they write software.
Meanwhile, Github has been struggling for 9 months to find a replacement for Chris Wanstrath, who announced he was stepping down as CEO last year.
No details remain thin on what the deal entails and what it could mean for Github’s community of users. Representatives from both Microsoft and Github refused to comment on the buyout. – Rappler.com
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