The San Francisco startup has grown sharply since then and now counts 27 million software developers around the world who use its platform to share code and build businesses. Microsoft is the top contributor to the site, and has more than 1,000 employees actively pushing code to repositories on GitHub according to The Verge. The all-stock deal is expected to close by the end of the year, subject to regulatory approval in the United States and EU. Microsoft said GitHub will retain its "developer-first ethos", operate independently and remain an open platform.
Bloomberg reported that the company was swayed to sell instead of going public because it was impressed with Microsoft CEO Satya Nadella. More than 28 million developers already collaborate on GitHub, and it is home to more than 85 million code repositories used by people across the globe. Microsoft is a company focused on selling proprietary software, where as GitHub has always been a friend of open source, offering free accounts to such projects.
"Developers will be at the center of solving the world's most pressing challenges", Nadella said in a blog post Monday.
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Microsoft has been extremely skeptical of open-source in the past, as it directly threatens their proprietary technology, but it seems the company is now making the shift to try and keep up with everyone else.
The news of the takeover comes at a time when GitHub is reportedly find a replacement for CEO and founder Chris Wanstrath, who announced his resignation past year. The deal is expected to be completed by the end of the year.
"Developers will continue to be able to use the programing languages, tools and operating systems of their choice for their projects - and will still be able to deploy their code to any operating system, any cloud and any device". Bloomberg also reports that GitHub has been bleeding money in recent years, citing three quarters of 2016, so maybe it wouldn't have lasted much longer to begin with. 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.
He said the investment stemmed from the firm's theory that developers would drive the new economy, and "GitHub was at the epicenter of that transformation". Secondly, he added that Microsoft will accelerate enterprise developers' use of GitHub, with "direct sales and partner channels and access to Microsoft's global cloud infrastructure".