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After a week of rumors, Microsoft today confirmed that it has acquired GitHub, the popular Git-based code sharing and collaboration service. The price of the acquisition was $7.5 billion in Microsoft stock. GitHub raised $350 million and we know that the company was valued at about $2 billion in 2015.
Former Xamarin CEO Nat Friedman (and now Microsoft corporate vice president) will become GitHub’s CEO. GitHub funder and former CEO Chris Wanstrath will become a Microsoft technical fellow and work on strategic software initiatives. Wanstrath had retaken his CEO role after his co-founder Tom Preston-Werner resigned following a harassment investigation in 2014.
GitHub says that as of March 2018, there were 28 million developers in its community, and 85 million code repositories, making it the largest host of source code globally and a cornerstone of how many in the tech world build software.
But despite its popularity with enterprise users, individual developers and open source projects, GitHub has never turned a profit and chances are that the company decided that an acquisition was preferable over trying to IPO.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/t/21st-century-innovative-technologies-and-developments/?&tag=Acquisitions
After a week of rumors, Microsoft today confirmed that it has acquired GitHub, the popular Git-based code sharing and collaboration service. The price of the acquisition was $7.5 billion in Microsoft stock. GitHub raised $350 million and we know that the company was valued at about $2 billion in 2015.
Former Xamarin CEO Nat Friedman (and now Microsoft corporate vice president) will become GitHub’s CEO. GitHub funder and former CEO Chris Wanstrath will become a Microsoft technical fellow and work on strategic software initiatives. Wanstrath had retaken his CEO role after his co-founder Tom Preston-Werner resigned following a harassment investigation in 2014.
GitHub says that as of March 2018, there were 28 million developers in its community, and 85 million code repositories, making it the largest host of source code globally and a cornerstone of how many in the tech world build software.
But despite its popularity with enterprise users, individual developers and open source projects, GitHub has never turned a profit and chances are that the company decided that an acquisition was preferable over trying to IPO.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/t/21st-century-innovative-technologies-and-developments/?&tag=Acquisitions