Connect with us

Hi, what are you looking for?

THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle



Microsoft will buy GitHub

Microsoft-GitHub acquisition quid pro quo

Microsoft will acquire software development platform GitHub.

Originally, they considered a joint marketing campaign worth just $35 million, but discussions had reached investment and/or acquisition last week.

And on Monday, the tech giant announced that it would buy GitHub for $7.5 billion. This will be Microsoft’s second-largest acquisition, following its purchase of LinkedIn for $26 billion.

Reports previously showed that GitHub was valued at $2 billion and their asking price would be around $5 billion; needless to say, they cashed out on Monday.

GitHub hosts 23 million users, who use the platform to store and post updates of their code. It is also a discussion forum where users can ask questions about their code. Even companies like FiveThirtyEight and the New York Times use the platform to store their data.

The acquisition will supply Microsoft with a massive world of developers that it can court to develop programs. Essentially, this is the perfect human resources hiring tool for Microsoft. It also helps grow their computing cloud business Azure significantly.

Furthermore, this will also be beneficial to GitHub. After CEO and founder Chris Wanstrath stepped down last August, GitHub has struggled to fill this leadership hole. If the acquisition goes through, Microsoft executive Nat Friedman is said to be the next leader of the software development platform.

Microsoft’s purchase of GitHub will be beneficial to both companies. In a time where Microsoft, Apple, and Google are all closely competing with one another, every business decision is crucial. This may give Microsoft an edge over its tech rivals.


Featured image via Flickr/othree

Comment Template

You May Also Like


Tesla shareholders have accepted Elon Musk’s multibillion-dollar compensation package. The deal is now valued at $44 billion (£34 billion). The package was once worth...


Here are a few million-dollar rare coins for coin collectors and individuals with small riches. Flowing Hair Silver Dollar, 1794. This rare 1794–1795 coin...


  Nvidia shares will drop to 10% of last week’s price for good cause. On the first trading day of today, Nvidia stock is...


Photoshop maker Adobe boosted its fiscal 2024 revenue prediction on Thursday as more businesses and individuals use its AI-powered editing tools amid an easing...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.