Microsoft paying $7.5 billion for GitHub

Microsoft buys coding site GitHub for $7.5 billion

  • GitHub is a platform where software developers can go to host and review each other’s code
  • Microsoft announced Monday it will pay $7.5 billion in stock for the platform 
  • The deal is expected to close by the end of the year  

Microsoft is paying $7.5 billion in stock for the popular coder hangout GitHub.

GitHub is a platform where software developers can go to host and review each other’s code.

The San Francisco startup was founded in 2008 and has grown sharply since announcing its first outside investment in 2012. 

It now counts about 27 million software developers around the world who use its platform to share code and build businesses. 

Microsoft is paying $7.5 billion in stock for the popular coder hangout GitHub

GitHub is a platform where software developers can go to host and review each other’s code

It’s free to use GitHub for open-source projects, but some developers and businesses pay a monthly fee to access private code repositories and other services.

This is Microsoft CEO Satya Nadella’s second largest acquisition after the company bouhgt LinkedIn for $26.2billion two years ago. 

‘Microsoft is a developer-first company, and by joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation,’ Nadella said. 

‘We recognize the community responsibility we take on with this agreement and will do our best work to empower every developer to build, innovate and solve the world’s most pressing challenges,’ he added.

Microsoft said Monday it expects the deal to close by year-end.

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