Microsoft Acquires GitHub for $7.5 Billion

0
54
Microsoft

There were reports in June, which suggested that GitHub (the world’s leading software development platform) would be acquired by Microsoft and now, the news is official. On Saturday, the European Commission announced approving $7.5 billion (roughly Rs. 51,200 crores) for the acquisition. This acquisition might end by the end of 2018.

The Commission added that the competition prevalent in the respective markets will be continued and Microsoft will have no benefits to undermine the open nature of GitHub’s platform. It stated thus- “Microsoft and GitHub both supply tools that organizations and individuals use while developing and releasing software and there won’t be any competition between their nature of working.

Github has a community of over 28 million developers al0l over the world. The platform hosts a wide variety of growing network of developers in almost every country thereby representing more than 1.5 million companies worldwide, which includes healthcare, manufacturing, technology, financial services, retail and more.

The two companies collaborating will result in the empowerment of developers worldwide with the aim of achieving more and better at every stage of the software development lifecycle and will also help accelerate enterprise use of GitHub, and bring Microsoft’s developer tools and services to new audiences in a better way.

Satya Nadella, CEO of Microsoft was quoted saying thus- “Microsoft is a developer-first company, and by joining forces with GitHub we aim to strengthen our commitment to the developer freedom, openness, and innovation.

Vice President of Microsoft Corporate, Nat Friedman, who is also the founder of Xamarin and an open source veteran, will take up the role of CEO of GitHub.

GitHub’s current CEO is Chris Wanstrath, who will become a Microsoft technical fellow and will report to Executive Vice President Scott Guthrie.

Hello, this is Thiru – Freelancer, Blogger, and an SEO enthusiast. I am obsessed with cryptocurrency, tech, gadgets, automobile, smartphone photography and writing my musings on them. And I am happily hitched with writing as a profession. I believe that the stars are still there, even if you don’t see them shining. Email: thiru@wiseawareness.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here