Microsoft to buy GitHub in $7.5B all-stock deal
Microsoft Corp. struck a $7.5 billion all-stock deal to acquire software development platform GitHub.
The developer-focused GitHub will be part of Microsoft's Intelligent Cloud segment after the deal closes, which is expected to occur by the end of calendar-year 2018. The companies said June 4 they expect the deal will bring GitHub to more enterprise users and expand Microsoft's developer tools and services to new audiences. Microsoft Corporate Vice President Nat Friedman will head GitHub as CEO. GitHub's current CEO, Chris Wanstrath, will become a Microsoft technical fellow working on strategic software initiatives.
GitHub will continue to operate independently with an open platform available to all developers across operating systems, cloud systems and devices, the companies said.
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