Microsoft to Purchase Leading Software Development Platform GitHub
Microsoft Corp. (MSFT) will acquire the world’s leading software development platform GitHub for $7.5B in Microsoft stock. . The platform is used by over 28 million developers to learn, share and collaborate ideas for future software development. With the purchase of GitHub, the two companies will work to increase the enterprises of the software development platform, as well as bring tools and services to new audiences.
GitHub will operate independently and continue its developer-first mentality. Developers will still be able to take advantage of the programming languages, tools and operating systems of their choice for projects, as well as use their code for any operating system, cloud, and device.
Nat Friedman, the Microsoft Corporate Vice President, will take over the role of CEO for GitHub. The current CEO of GitHub, Chris Wanstrath will work as a Microsoft technical fellow on strategic software initiatives. The purchase is expected to close at the end of 2018.
Chris Wanstrath, current CEO of GitHub stated, “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. The future of software development is bright, and I’m thrilled to be joining forces with Microsoft to help make it a reality. Their focus on developers lines up perfectly with our own, and their scale, tools and global cloud will play a huge role in making GitHub even more valuable for developers everywhere.“
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