Microsoft Plans To Buy GitHub, Valued At $5 Billion

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. The Git-repository hosting service, which has its headquarters in San Francisco, was last valued in 2015, with an estimate of US$2 billion being placed on the company. Open source stands for making software code available to everyone.

However, CNBC mentions that the acquisition would be for a price of 5000 million dollars or more, according to the expectations of GitHub.

The deal is expected to help Microsoft by adding programming tools and partner with a company that has become a key way in how Microsoft writes its software. 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. Are you going to keep using GitHub and move over to GitLab? The stepping down of CEO Chris Wanstrath past year created slight feelings of unease, and a replacement is yet to be found for him. GitHub has also been undergoing executive changes.

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GitHub is an essential tool for coders. Business Insider first reported talks between the companies on Friday.

In early May, Microsoft revealed a new partnership with GitHub that was meant to bring the power of Azure DevOps services to GitHub users. One closely watched aspect of this deal will be whether fierce competitors like Amazon Web Services and Google continue to store code on a Microsoft-owned property.

So by that measure, this deal will be the real test of Microsoft's newfound love for open-source software and multiplatform development. Terms of the agreement weren't known on Sunday. GitHub has also not responded to media inquiries to the potential acquisition.

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