Deals
Microsoft Buys GitHub for $7.5 Billion, Going Back to Its Roots
- All-stock deal is expected to close by end of the year
- Microsoft will keep GitHub independent; Friedman named CEO
Microsoft CEO Is 'Very Bullish' About Buying GitHub
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Microsoft Corp. is buying GitHub Inc. for $7.5 billion in stock, bringing in house a community of 28 million programmers who publish code openly and extending a shift away from a strategy of shrouding its software in secrecy.
The move is both a return to Microsoft’s earliest software-development roots and a sharp turnaround from its stance on open-source software a decade ago. Chief Executive Officer Satya Nadella said the deal, expected to close by the end of this year, will speed moves into the cloud and artificial intelligence.