However, CNBC mentions that the acquisition would be for a price of 5000 million dollars or more, according to the expectations of GitHub. The terms of the deal aren't known yet. GitHub was last valued at $2 billion in 2015.
The acquisition comes after nine months of uncertainty for GitHub, seeing that it hasn't been able to find a new CEO in that time.
Microsoft's spokespeople have declined to comment on the decision. GitHub didn't return an email seeking request for comment. As part of its evolving stance on interoperability with the outside world, Microsoft first embraced GitHub years ago and it now offers deep integration with the service via its Visual Studio tools. Many engineers use the site to store their code, keep tabs on updates, and even use it as a discussion forum.
Draymond Green Says He’s Willing to Fight Tristan Thompson Off the Court
You've got to know he's going to end up with 30 points and a triple-double and all that stuff because he's that good. Curry had a slow start from the perimeter, making just one of his first five attempts in the first quarter.
The change may have occurred when CEO of GitHub, Chris Wanstrath stepped down in August 2017. In the interim, GitHub's Chief Business Officer Julio Avalos joined the company's board of directors and took over much of the day-to-day leadership of the company.
Negotiations talks by the tech giant Microsoft to acquire GitHub started in 2016, but never advanced enough, until now. Recently they began talks about a partnership but progressed to discussing an acquisition, according to another person familiar with the situation. The company joined the Open Source Initiative as a full member late previous year and has also open-sourced various components of Windows itself, alongside many other gestures of goodwill. As Nadella increasingly moves the company away from complete dependence on the Windows operating system to more in-house development on Linux, the company needs new ways to connect with the broader developer community. It's not clear if Microsoft intends to operate the company as a standalone entity, as it has done following the LinkedIn acquisition, or whether this is the prelude to a new Azure code repository service.