Microsoft CEO Nadera said that they are developer-first companies. The acquisition of GitHub will strengthen their commitment to developer freedom, openness, and innovation. Nadella said that we understand the community responsibilities brought by the acquisition of GitHub. Do your best to support developers.
Microsoft expects that the acquisition will be completed by the end of this year. Microsoft Vice President Nat Friedman will serve as CEO of GitHub. GitHub's current CEO will enter Microsoft's internal work and report to Microsoft Executive Vice President Scott Guthrie. This will be Microsoft's 260 since 2016. Billion-dollar acquisition of the largest acquisition since LinkedIn.
Microsoft stated that after the transaction is completed, GitHub will continue to operate independently and will maintain the characteristics of the open platform. GitHub's financial data will be merged into Microsoft's Intelligent Cloud segment.
According to foreign media reports, Microsoft has been engaged with Github intermittently for several years. Informed sources said that Github gave up the listing and chose to sell to Microsoft, partly because they admired Microsoft CEO Satya Nadera.
According to foreign media, the acquisition provides GitHub with a way out. Over the past nine months, the company has been trying to find a new CEO, and the company has not yet realized profitability. GitHub mainly assists programmers in collaboration and collaboration. Sharing, the company also helped Microsoft to increase its programming tools with increasing dependence on open source software, and became a key component in the latter's own software development.
GitHub provided support for more than 27 million software developers' 80 million code bases. Microsoft, once opposed to open source software development, is now one of its biggest contributors. Github's last valuation exposure was in 2015, when it was $2 billion.
At the close on Monday, Microsoft's share price rose 0.87% to US$101.67, with a total market value of approximately US$784.428 billion.