Microsoft acquires GitHub for $7.5 billion

Chris Wanstrath, Github CEO and co-founder; Satya Nadella, Microsoft CEO; and Nat Friedman, Microsoft corporate vice president, Developer Services

Last updated on June 9th, 2018 at 12:43 pm

Yesterday, Bloomberg already announced Microsoft would acquire code-repository platform GitHub. Today, it’s official, as Microsoft confirms the takeover.

The acquisition will close later this year, and GitHub will be led by a new CEO; Nat Friedman. Friedman is an open source veteran, according to Microsoft, and founder of Xamarin.

GitHub CEO and Co-Founder Chris Wanstrath will be a technical fellow at Microsoft.

The $7.5 billion acquisition is quite a leap from the $2 billion valuation in 2015, meaning GitHub added $1.8 billion in value every year since 2015.

For anyone familiar with Microsoft products back in the days, open source may not sound like to most logical market for Microsoft to enter. But, with Microsoft’s new CEO Satya Nadella, Microsoft is using more and more open-source models and supporting them as well.

This is a developing story.

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Written by Pete Gabriel

Journalist and tech lover.