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from the good-business-or-something-else dept.
https://www.cnbc.com/amp/2018/06/01/microsoft--github-acquisition-talks-resume.html
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.
(Score: 3, Insightful) by JoeMerchant on Saturday June 02 2018, @05:57PM
the biggest and fastest growth market in history... buggy whips, indeed.
I anticipate a periodic gasp of mildly exciting profitability to emanate from Redmond in the future, similar to IBM's performance over the past 25 years. We do need to keep them on a short leash with respect to monopoly rents, that has always been the nature of their beast.
🌻🌻 [google.com]