Confirmed: Microsoft Officially Announces It Is Buying GitHub
It is now confirmed, Microsoft say is buying code-repository platform, GitHub for $7.5b (about the same amount it paid for Nokia’s mobile business four years ago. GitHub was valued at $2b three years ago). Well this is not by any way the biggest Microsoft acquisition so far, you’ll recall that Microsoft had to fork out $26.2b to buy social professional networking site LinkedIn two years ago. Like I said in my last article , it makes sense for Microsoft to be buying GitHub at the this time from business to technology reasons but for starters, GitHub is probably the largest code repository and has big companies including Google and Microsoft hosting some projects on it including documentation. The platform reportedly has 85 million repositories with 28 million developers contributing hence the tag; the nerdy Facebook or Facebook for developers. Under the new arrangement, GitHub gets a new CEO in the person of Nat Friedman, the founder of Xamarin who will in turn report to M...