Microsoft acquires GitHub for $7.5 billion

Microsoft is expected to treat the GitHub acquisition largely like it treated LinkedIn, meaning it will let it run mostly independently.

After the deal closes, GitHub's financials will be reports as part of Microsoft's Intelligent Cloud segment. The company has since grown to feature video game consoles (Xbox), consumer electronics, personal computers and cloud services (Microsoft Azure).

Later today (or whenever the reported deal is made official), Microsoft will have plenty of questions to answer for concerned developers and programmers who rely on the platform to host their code.

Word on the street is that Microsoft has been talking to GitHub, the famous code repository company that so many developers use on a regular basis, about a potential purchase.

The developer platform GitHub, which is widely used for storing, sharing, and collaborating on code, will apparently soon be a Microsoft company.

Microsoft Corporate Vice President Nat Friedman, founder of Xamarin and an open source veteran, will assume the role of GitHub CEO.

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Microsoft has talked to GitHub on and off for a few years.

This is not the first time that talks of Microsoft taking over GitHub has emerged, as on-and-off conversations regarding acquisition have been happening over the years. This act by the software giant would be a move described by many, as going back to the roots of how Microsoft started in the first place.

GitHub will continue to operate as is, with its 28 million-strong developer community given complete freedom to use any operating system or tools that they want. Now, assuming Bloomberg's report holds, the code repository service and developer community will be absorbed by Microsoft.

It's unclear what the price tag of such a deal may be, though GitHub was most recently valued at $2 billion when it raised its last round of funding in 2015. Last August, the company said it wanted a replacement for CEO Chris Wanstrath - one of GitHub's founders.

" From the largest corporations to the smallest startups, GitHub is the destination for developers to learn, share and work together to create software". If it's not making money, some bigger company will have to buy it to keep it afloat.

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