Microsoft reportedly agrees to acquire GitHub

It’s official Microsoft has acquired Git Hub for $7.5 billion

Microsoft is buying code-sharing site GitHub, say reports

Microsoft is said to be in serious talks about a possible acquisition of GitHub, the largest source-code repository in the world.

According to a report in Business Insider-which, admittedly, has a sketchy reputation-Microsoft recently held talks to acquire GitHub, which was most recently valued at about $2 billion.

Github, which was valued at $2 billion back in 2015, generates $200 million in subscription revenue including $110 million from enterprise customers, but is not now profitable, having lost $66 million over three quarters in 2016. And Business Insider says that Microsoft's Nat Friedman, a co-founder of Xamarin, might run GitHub should a Microsoft investment or acquisition occur. If this acquisition falls through, Microsoft will benefit immensely by gaining access to millions of developers and companies who can prove to be potential users for Microsoft's cloud services and other technology products.

According to a source, GitHub chose Microsoft partially because it was impressed by Microsoft chief executive Satya Nadella.

Microsoft and GitHub declined to comment, however, it is important to state that nothing has been confirmed as yet, and that both companies are merely at a discussion stage.

It looks like GitHub will be added to the list, giving Microsoft an edge in open-source development. GitHub could not immediately be reached for comment. The stepping down of CEO Chris Wanstrath past year created slight feelings of unease, and a replacement is yet to be found for him.

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