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Microsoft Is Said to Have Agreed to Acquire Coding Site GitHub (bloomberg.com)
Bloomberg reports:
Microsoft Corp. has agreed to acquire GitHub Inc., the code repository company popular with many software developers, and could announce the deal as soon as Monday, according to people familiar with the matter. 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. Terms of the agreement weren't known on Sunday. GitHub was last valued at $2 billion in 2015.
GitHub is an essential tool for coders. Many corporations, including Microsoft and Alphabet Inc.'s Google, use GitHub to store their corporate code and to collaborate. It's also a social network of sorts for developers. While GitHub's losses have been significant -- it lost $66 million over three quarters in 2016 -- it had revenue of $98 million in nine months of that year.
On Friday, it was reported that Microsoft was in talks with GitHub about an acquisition. Now it seems like it's actually happening.
Update: Our sister site, SourceForge, has weighed in. Here is a tool that will import your GitHub project to SourceForge.
Update #2: Already, we are seeing plenty of backlash over this news. One user has started a petition to stop Microsoft from buying GitHub.
Update #3: It's official. Microsoft has acquired GitHub for a whopping sum of $7.5B.
Microsoft Corp. has agreed to acquire GitHub Inc., the code repository company popular with many software developers, and could announce the deal as soon as Monday, according to people familiar with the matter. 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. Terms of the agreement weren't known on Sunday. GitHub was last valued at $2 billion in 2015.
GitHub is an essential tool for coders. Many corporations, including Microsoft and Alphabet Inc.'s Google, use GitHub to store their corporate code and to collaborate. It's also a social network of sorts for developers. While GitHub's losses have been significant -- it lost $66 million over three quarters in 2016 -- it had revenue of $98 million in nine months of that year.
On Friday, it was reported that Microsoft was in talks with GitHub about an acquisition. Now it seems like it's actually happening.
Update: Our sister site, SourceForge, has weighed in. Here is a tool that will import your GitHub project to SourceForge.
Update #2: Already, we are seeing plenty of backlash over this news. One user has started a petition to stop Microsoft from buying GitHub.
Update #3: It's official. Microsoft has acquired GitHub for a whopping sum of $7.5B.
Thanks 93. I appreciate it. Sometimes I feel like someone saw it fit to burn down a museum and all the contents inside, and I stepped in to put out the fire, yet I still get some really vile hatred. In case anyone is wondering, here's what we've done since we acquired SourceForge in 2016 https://sourceforge.net/blog/i...
My company has never bundled malware with any projects. In fact we eliminated that practice immediately after acquiring SourceForge and now scan every single project on the site for malware.
We actually don't bundle spyware with our installers. In fact that's the first practice we eliminated when we acquired SourceForge in 2016, along with instituting malware scans for every project, https downloads and project web hosting, a redesigned experience, and much more. https://arstechnica.com/inform...
You posted this twice so I'll respond twice: We actually don't bundle spyware with our installers. In fact that's the first practice we eliminated when we acquired SourceForge in 2016, along with instituting malware scans for every project, https downloads and project web hosting, a redesigned experience, and much more. https://arstechnica.com/inform...