Today, clearing all rumors about Microsoft acquiring GitHub, a new press release is issued by Microsoft.
In a blog post written by Microsoft CEO Satya Nadella and press release in Microsoft News Center, Microsoft has confirmed the deal. In all stock deal between Microsoft and GitHub, Microsoft Corporation will pay $7.5B. Below is a summary of news that is published at News Center.
Microsoft Corp. on Monday announced it has reached an agreement to acquire GitHub, the world’s leading software development platform where more than 28 million developers learn, share and collaborate to create the future. Together, the two companies will empower developers to achieve more at every stage of the development lifecycle, accelerate enterprise use of GitHub, and bring Microsoft’s developer tools and services to new audiences.
Under the terms of the agreement, Microsoft will acquire GitHub for $7.5 billion in Microsoft stock. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to close by the end of the calendar year.
Microsoft Corporate Vice President Nat Friedman, founder of Xamarin and an open source veteran, will assume the role of GitHub CEO. GitHub’s current CEO, Chris Wanstrath, will become a Microsoft technical fellow, reporting to Executive Vice President Scott Guthrie, to work on strategic software initiatives.
Read about the complete deal at Microsoft Blog.