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Microsoft is reportedly in talks to buy GitHub o
Microsoft is reportedly in talks to buy GitHub out
GitHub was last valued at $2 billion in 2015. Reports of Microsoft buying it out surface at a time when its CEO quit 10 months ago.
GitHub, the online repository hosting service for git, could
well be bought over by Microsoft. According to a report by CNBC, GitHub was last valued at $2 billion in 2015, but the
cost of the acquisition could rise to $5 billion now. Apparently, CNBC was told
by a source familiar with the two companies that they had been considering a
joint marketing partnership valued around $35 million, and that either an
investment in the business or an outright acquisition would take place.
However, the current situation remains unclear. CNBC’s contact said the price
for an acquisition was more than what Microsoft wanted to pay.
GitHub, whose headquarters is in San Francisco, California,
has over 23 million individual users in more than 1.5 million organisations.
GitHub is used by software developers to store code, keep track of changes to
it, and discuss issues around it. GitHub is a repository that’s open to the
community. It allows developers to have their code reviewed by others on the
community. Furthermore, GitHub is integrated with common cloud computing
platforms like Amazon and Google Cloud.
As per the report, Microsoft has toyed with the idea of
buying GitHub out in the past, as early as 2016, although GitHub denied reports
of any such happenings. A partnership, apparently, can help Microsoft reach out
to software developers more easily to build applications on its numerous
platforms, including Microsoft Azure, Microsoft’s cloud service for helping
businesses build, manage, and deploy applications. It may also help the company
build artificial intelligence products better.
These reports surface at a time when GitHub is struggling to
find a replacement for its CEO and founder, Chris Wanstrath, who resigned as
CEO ten months ago. According to more reports, Sridhar Ramasamy, senior vice
president of ads and commerce at Google, had been consider for the position.
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