from the good-business-or-something-else dept.
Microsoft held talks in the past few weeks to acquire software developer platform GitHub, Business Insider reports.
One person familiar with the discussions between the companies told CNBC that they had been considering a joint marketing partnership valued around $35 million, and that those discussions had progressed to a possible investment or outright acquisition. It is unclear whether talks are still ongoing, but this person said that GitHub's price for a full acquisition was more than Microsoft currently wanted to pay.
GitHub was last valued at $2 billion in its last funding round 2015, but the price tag for an acquisition could be $5 billion or more, based on a price that was floated last year.
[Update 20180604 @ 14:00 UTC: Acquisition confirmed. Microsoft is paying $7.5 billion in stock. Coverage at Microsoft, Security Week, The Register, and The Verge. Also, see the Microsoft blog post. --martyb]
Microsoft has reportedly acquired GitHub, and could announce the deal as early as Monday. Bloomberg reports that the software giant has agreed to acquire GitHub, and that the company chose Microsoft partly because of CEO Satya Nadella. Business Insider first reported that Microsoft had been in talks with GitHub recently.
Time to move off GitHub?
Previously: Microsoft Holds Acquisition Talks with Github
An AC also submitted Bloomberg's article.
A Google executive has admitted the search giant lost out on buying GitHub. Speaking at a Fortune Magazine event yesterday, Diane Greene Google's head of cloud made an interesting admission. "I wouldn't have minded buying them, but it's OK," said Greene, Bloomberg reports.
Previous rumors suggest Google was also trying to acquire GitHub, alongside Microsoft's bids. GitHub founder Chris Wanstrath reportedly chose Microsoft because of his relationship with CEO Satya Nadella. GitHub is a large code repository that has become very popular with developers and companies to host projects, documentation, and code. Apple, Amazon, Facebook, Google, and many other big tech companies use GitHub. There are 85 million repositories hosted on GitHub, and 28 million developers contribute to them.