Microsoft Announced their Acquisition of GitHub at the start of the week. The Deal sees Microsoft Acquiring the Code Hosting Service for an All Stock sum of over $7.2 Billion.
On June 1, Business Insider Hinted at the Acquisition pointing to Githubs 2 Billion dollar valuation back in 2015. Github is Source Code Hosting provider for a version control called Git. The platform host thousands of Codebases for various Companies, Teams and Software.
GitHub had struggled to land a CEO to replace Chris Wanstrath, who announced his resignation in August but remains in the top role.
“I’m extremely proud of what GitHub and our community have accomplished over the past decade, and I can’t wait to see what lies ahead. The future of software development is bright, and I’m thrilled to be joining forces with Microsoft to help make it a reality,” Wanstrath said. “Their focus on developers lines up perfectly with our own, and their scale, tools and global cloud will play a huge role in making GitHub even more valuable for developers everywhere.”
Upon a Closure of the deal by both US and European regulators. Nat Friedman will become Github’s CEO while Github’s current CEO and Co-founder, Chris Wanstrath will join Microsoft as a Technical Fellow, both reporting to Microsofts Scott Guthrie (EVP, Cloud + AI).
Microsoft has been a developer-focused company from the very first product we created to the platforms and tools we offer today. Building technology so that others can build technology is core to our mission to empower every person and every organization on the planet to achieve more.
While Microsoft has assured that the open platform, Github will continue to operate independently of Microsoft. Many Cryptocurrency Projects and their Developers host their code on Github.
The hashtag #movetogitlab Trended on Twitter this due to worries over a Microsoft Controlled Github. Gitlab is a popular competitor of Github which also uses the Git versioning system.
Checkout the Microsoft + Github Call Deck below to learn more about the synergies.
So what are your thoughts on this acquisition? Will concerned software Developers migrate to other services? are you concerned with this acquisition? Share your reactions below along with any other thoughts concerning the post in the comment section below.