Microsoft acquires GitHub for $7.5 billion
- Microsoft has closed its acquisition of GitHub for an amount of US $7.5 billion. This deal was first announced in June this year.
- GitHub is a big software development platform which consists of than 31 million developers that create, collaborate, share and build on each other’s work.
- After this takeover, GitHub would continue to operate as an independent platform, thereby allowing all the developers to use the platform’s tools in the same way they used to do before.
- “We believe in the power of communities to achieve more together than what their members can do on their own, and that collaborative development through the open source process can accelerate innovation,” said Microsoft CEO Satya Nadella in a statement to Business Insider.
- Nat Friedman, the CEO of Microsoft-owned Xamarin, will now take over as the CEO of GitHub.
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