Well, it’s official now. Rumors have been flying around all this week about Microsoft in talks with Github to acquire their firm, and it all comes to an end with an official announcement from Microsoft itself. Not much of a surprise as mutliple sources already passed this information way before the announcement was made, but Microsoft had to make it official, so they chose Monday morning to share the news with us.
Github, for those not aware, is GitHub Inc. is a web-based hosting service for version control using Git. It is mostly used for computer code. It offers all of the distributed version control and source code management functionality of Git as well as adding its own features.
“Microsoft is a developer-first company, and by joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation,” said Satya Nadella, CEO, Microsoft. “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.”
Upon completion of the acquisition, Microsoft Corporate Vice President Nat Friedman and founder of Xamarin will take over the CEO role of Github Inc., while 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.
Microsoft bought Github for $7.5 Billion and expects to close acquisition by end of the calendar year.