Microsoft Plans To Buy GitHub, Valued At $2 Billion

Microsoft Plans To Buy GitHub, Valued At $2 Billion

GitHub preferred selling the company to going public and chose Microsoft partially because it was impressed by Chief Executive Officer Satya Nadella, said one of the people, who asked not to be identified discussing private information.

The report, citing anonymous sources, does not provide the price that Microsoft will pay to acquire GitHub, which was last valued at $2 billion on the private markets in 2015. It also helps Microsoft, which is increasingly relying on open-source software, to add programming tools and tie up with a company that has become a key part of the way Microsoft writes its own software.

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.

Murmurs about the acquisition bubbled up late last week as the CEO-less GitHub was reportedly in talks with Microsoft about a sale.

While this may result in some more exciting and creative software being developed by Microsoft, the details on the degree of ownership and control it would have over the code stored on GitHub are yet to be made clear, and users are cautious.

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GitHub's "Octocat" mascot inside the company's San Francisco headquarters.

GitHub has been hunting for a new CEO for the last nine months, after co-founder Chris Wanstrath announced his intentions to step down. Talks are known to have been made in 2016 which GitHub has denied.

The interest that the tech giant Microsoft has for GitHub is not new since throughout these years there have been many rumours about conversations about a purchase agreement.

GitHub is one of the most popular platforms in the software development world today.

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