Thursday, 21 June, 2018

GitHub may soon join the Microsoft family - tech giant considers an acquisition

It’s official Microsoft has acquired Git Hub for $7.5 billion Microsoft is buying code-sharing site GitHub, say reports
Camille Neal | 04 June, 2018, 11:22

Microsoft is contemplating a full acquisition of the popular code repository, GitHub.

Web-based Git repository provider Gitlab is making a play to scoop up users of competing open source software code repository player Github after reports that Microsoft has struck a deal to acquire the code repository operator.

The Bloomberg report came just days after Business Insider reported that Microsoft had recently held talks to buy Github. Its co-founder, Tom Preston-Werner, resigned in 2014 after harassment allegations surfaced.

Frank Shaw, a spokesman for Microsoft, declined to comment.

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An acquisition is not a done deal, yet, as the report discusses past talks with Google executive Sridhar Ramaswamy to take over Wanstrath's job as CEO.

Github, which was valued at $2 billion back in 2015, generates $200 million in subscription revenue including $110 million from enterprise customers, but is not now profitable, having lost $66 million over three quarters in 2016.

So, it remains to see if the tech giant Microsoft manages to make a really tempting offer and if GitHub considers that this is the future they want to give the platform. Microsoft, once opposed to that kind of open-source software development, is now one if the biggest contributors to GitHub. There's no word yet as to how much Microsoft paid for GitHub in this acquisition. The stepping down of CEO Chris Wanstrath past year created slight feelings of unease, and a replacement is yet to be found for him.

Now even the big companies of our day, including Microsoft, use Github as an important tool in their software development processes. GitHub didn't return an email seeking request for comment. While GitHub's losses have been significant - it lost $66 million over three quarters in 2016 - it had revenue of $98 million in nine months of that year.

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