Microsoft has reportedly acquired GitHub, details could be revealed today

Microsoft EVP Scott Guthrie and Jason Warner senior vice president of technology at GitHub at Microsoft Build 2018

"[.] the real power comes when every developer can create together, collaborate, share code and build on each other's work".

The deal is a big bet on Azure, the company's fast-growing cloud business, as it will be able to lure more code developers who use GitHub and drive more business to Microsoft.

Sources familiar with the talks said that GitHub preferred selling the company to going public, and chose Microsoft because it was impressed by Nadella.

It added that Github is now used by more than 28 million developers, who in turn represent more than 1.5 million organisations across a range of industries. GitHub is home for modern developers and the world's most popular destination for open source projects and software innovation. GitHub was last valued at $2 billion in 2015, and it had raised approximately $350 million from investors including Sequoia Capital, Andreessen Horowitz, Thrive Capital, IVP, and SV Angel.

The company says that it is today "all-in on open source" and promises to maintain open access.

Outgoing CEO Wanstrath, who will now become a technical fellow working on software initiatives, welcomed the news and said he was "thrilled" to be working with the tech behemoth. That said, the price seems right for what GitHub is, so it wouldn't surprise me if that was what Microsoft paid.

It's official: Microsoft has agreed to acquire GitHub. While some are happy to see GitHub getting the backing of Microsoft, others are rather concerned, and there have been reports of a sudden shift of projects to GitHub alternative GitLab. "Developers will continue to be able to use the programming languages, tools and operating systems of their choice for their projects-and will still be able to deploy their code on any cloud and any device".

As Bloomberg reports, Microsoft is believed to have acquired GitHub.

"So as we look to the next decade of software development and beyond, we know it's all about the developer".

Business Insider spoke with Friedman and Wanstrath following news of the acquisition, and the two laid out the master plan for what will happen after the closing of the GitHub deal, expected later this year.

Shares of Microsoft are up 19% since the beginning of 2018.

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