Microsoft Plans To Buy GitHub, Valued At $5 Billion

MIcrosoft buy GitHub

MIcrosoft buy GitHub

The purchase makes sense - not only is the majority of Microsoft's developer documentation now hosted on GitHub, but so is numerous company's recent open-source projects like Visual Studio Code and PowerShell. While details of the deal are now unknown, it is believed that the official announcement could come later today.

It's unclear what the price of the acquisition is, though GitHub was last valued at $2 billion.

While Microsoft has a history of disastrous acquisitions in the past, in recent years the company has been a lot more successful, with recent examples like Xamarin and LinkedIn coming to mind, which bodes well for Microsoft's stewardship of Github. An acquisition could potentially cost Microsoft more than $5 billion, CNBC reports.

According to Nasdaq.com, Microsft's stock went up to two percent right after the Business Insider report came out. But things didn't get far or serious.

The company has been searching for a permanent CEO for nine months, following cofounder Chris Wanstrath's decision to step down from the top job in August.

It looks like GitHub will be added to the list, giving Microsoft an edge in open-source development. It lost some $66 million over three quarters in 2016.

The coding company was allegedly impressed by the active approach Microsoft's current CEO, Satya Nadella, has taken with supporting developers and other coding initiatives since he took on the role in 2014.

Microsoft and GitHub declined to comment, however, it is important to state that nothing has been confirmed as yet, and that both companies are merely at a discussion stage. GitHub could not immediately be reached for comment.

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