In an unexpected announcement, Microsoft has said that it will be acquiring Github for $7,5 billion. Microsoft stock. Subject to various conditions it is expected that the acquisition deal is expected to be concluded by the end of 2018.
The acquisition value of $7,5 billion will be issued in Microsoft stock.
L-R: Chris Wanstrath, Github CEO and co-founder; Satya Nadella, Microsoft CEO; and Nat Friedman, Microsoft corporate vice president, Developer Services.
"More than 28 million developers already collaborate on GitHub, and it is home to more than 85 million code repositories used by people in nearly every country. From the largest corporations to the smallest startups, GitHub is the destination for developers to learn, share and work together to create software. It’s a destination for Microsoft too. We are the most active organization on GitHub, with more than 2 million 'commits,' or updates, made to projects," said Satya Nadella - Chief Executive Officer at Microsoft.
However, the acquisition of Github by Microsoft wasn't unanimously welcomed by all developers who use Github. The concerns were mainly raised by Open Source developers who were worried that Microsoft would not embrace Open Source culture.
"So as we look to the next decade of software development and beyond, we know it’s all about the developer. And as we’ve gotten to know the team at Microsoft over the past few years through collaborating on projects from Git LFS to Electron, we’ve learned that they agree. Their work on open source has inspired us, the success of the Minecraft and LinkedIn acquisitions has shown us they are serious about growing new businesses well, and the growth of Azure has proven they are an innovative development platform," said Chris Wanstrath, Co-founder and CEO at Github.
As part of the acquisition, Wanstrath will be taking over a new role at Microsoft while the software giant's Nat Friedman will be the new CEO at Github.