Microsoft is acquiring GitHub for $7.5 billion

Microsoft has today announced that it is acquiring GitHub for $7.5 billion, confirming recent rumors that had suggested Microsoft was in talks with GitHub for a potential acquisition. According to Microsoft, GitHub is a leading software development platform with other 28 one thousand thousand developers worldwide.

Microsoft CEO Satya Nadella said in a blog post that Microsoft is a developer-focused company that is all in on open source technologies, and reassures developers that Microsoft will take adept care of GitHub. Microsoft wants to empower developers at ever stage of the development cycle, increase the employ of GitHub with enterprise developers, and bring Microsoft's ain developer tools and services to new audiences.

The press release goes on to state that GitHub will continue to operate independently, which may reassure some concerned developers over this acquisition. Microsoft says the conquering will close later on this year, with Nat Firedman heading up the CEO position at GitHub. You can read the full press release below.

Microsoft Corp. on Monday announced it has reached an agreement to learn GitHub, the globe's leading software development platform where more than 28 million developers learn, share and interact to create the future. Together, the 2 companies volition empower developers to reach more than at every stage of the development lifecycle, accelerate enterprise apply of GitHub, and bring Microsoft'southward developer tools and services to new audiences.

"Microsoft is a programmer-starting time visitor, and past joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation," said Satya Nadella, CEO, Microsoft. "We recognize the customs responsibility we take on with this understanding and will do our best piece of work to empower every developer to build, introduce and solve the world'south most pressing challenges."

Under the terms of the agreement, Microsoft will acquire GitHub for $7.5 billion in Microsoft stock. Field of study to customary closing weather and completion of regulatory review, the acquisition is expected to close by the end of the agenda year.

GitHub volition retain its programmer-offset ethos and will operate independently to provide an open platform for all developers in all industries. Developers will continue to be able to use the programming languages, tools and operating systems of their choice for their projects — and volition still be able to deploy their code to whatsoever operating system, whatsoever cloud and any device.

Microsoft Corporate Vice President Nat Friedman, founder of Xamarin and an open source veteran, will assume the role of GitHub CEO. GitHub'southward electric current CEO, Chris Wanstrath, will go a Microsoft technical fellow, reporting to Executive Vice President Scott Guthrie, to work on strategic software initiatives.

"I'grand extremely proud of what GitHub and our community take achieved over the past decade, and I tin can't look to run into what lies alee. The future of software development is bright, and I'm thrilled to exist joining forces with Microsoft to help make information technology a reality," Wanstrath said. "Their focus on developers lines up perfectly with our ain, and their scale, tools and global cloud volition play a huge role in making GitHub even more valuable for developers everywhere."

Today, every visitor is becoming a software visitor and developers are at the middle of digital transformation; they drive business processes and functions across organizations from customer service and HR to marketing and It. And the choices these developers make will increasingly determine value creation and growth beyond every manufacture. GitHub is domicile for modern developers and the world'southward most popular destination for open source projects and software innovation. The platform hosts a growing network of developers in nigh every country representing more than ane.v million companies across healthcare, manufacturing, engineering science, financial services, retail and more.

Upon endmost, Microsoft expects GitHub'due south financials to be reported equally part of the Intelligent Cloud segment. Microsoft expects the conquering will exist accretive to operating income in financial year 2022 on a non-GAAP footing, and to have minimal dilution of less than 1 percent to earnings per share in fiscal years 2022 and 2022 on a non-GAAP basis, based on the expected shut fourth dimension frame. Non-GAAP excludes expected impact of purchase accounting adjustments, as well as integration and transaction-related expenses. An incremental share buyback, across Microsoft's contempo historical quarterly pace, is expected to offset stock consideration paid inside vi months after closing. Microsoft will use a portion of the remaining ~$30 billion of its current share repurchase authorization for the purchase.

Simpson Thacher & Bartlett LLP is acting as legal advisor to Microsoft. Morgan Stanley is interim equally sectional financial advisor to GitHub, while Fenwick & West LLP is acting equally its legal advisor.

We may earn a commission for purchases using our links. Acquire more.

New report reveals Microsoft's future AR strategy; HoloLens 3 is dead

Oh Dear

New report reveals Microsoft's future AR strategy; HoloLens three is dead

Business Insider has today published a follow-up report with more details about Microsoft'south canceled HoloLens 3 augmented reality headset. The partnership with Samsung is said to include a headset with a gear up of screens inside, powered by a Samsung phone in your pocket.

Review: Surface Laptop SE is the new standard for K-8 Windows PCs

Keeping it affordable

Review: Surface Laptop SE is the new standard for One thousand-viii Windows PCs

Starting at just $250, Microsoft'due south first foray into affordable laptops for the didactics market is a winner. With a gorgeous blueprint, fantabulous thermals, and a fantastic typing experience, Microsoft would do right to sell this directly to consumers besides. Allow'southward just hope Intel tin make a improve CPU.