Published: Sat, June 02, 2018
Electronics | By Kelly Massey

Microsoft Plans To Buy GitHub, Valued At $2 Billion

Business Insider, citing sources, reports that Microsoft is reportedly in talks to buy GitHub.

GitHub received a valuation of $2 billion following the closure of a $250 million funding round led by Sequoia Capital in 2015. Business Insider notes that it's not clear if Microsoft is interested at that price, and it's also not known if the talks are still ongoing. The move comes in the middle GitHub's efforts to find a replacement for their founder and ex-CEO Chris Wanstrath who announced his resignation a year ago.

Github, who generates $200 million in subscription revenue including $110 million from enterprise customers like Microsoft, is reportedly asking around $5 billion.

If you're into conspiracy theories, here's one: maybe GitHub hasn't found a replacement for its CEO (who remains with the company during this transition period) because it's considering allowing Microsoft to acquire it for an obscene amount of money.

Switzerland star Xhaka relieved to avoid serious injury
Granit Xhaka suffered a knee injury in Switzerland training on Thursday evening, but has clarified his World Cup place is not in doubt.

It's not the first time Microsoft has wanted to add GitHub to its shopping cart.

In addition to millions of developers, public institutions like NASA and major tech companies have a presence on GitHub, including Google, Apple, Amazon, and Microsoft.

Y Combinator graduate GitHub was established in 2008 and is based in San Francisco.

Microsoft may be seen as an unusual bidder for the home of some of the most popular open-source development in the world but the company's relationship with the open-source community has changed tremendously over the last few years, and especially under the tenure of Satya Nadella.

Like this: