Microsoft has acquired GitHub for $7.5B in stock

Techcrunch -------- After a week of rumors, Microsoft today confirmed that it has acquired GitHub, the popular Git-based code sharing and collaboration service. The price of the acquisition was $7.5 billion in Microsoft stock. GitHub raised $350 million and we know that the company was valued at about $2 billion in 2015. Microsoft expects the acquisition to close by the end of the year, barring any regulatory roadblocks. Former Xamarin CEO Nat Friedman (and now Microsoft corporate vice president) will become GitHub’s CEO. GitHub funder and former CEO Chris Wanstrath will become a Microsoft technical fellow and work on strategic software initiatives. Wanstrath had retaken his CEO role after his co-founder Tom Preston-Werner resigned following a harassment investigation in 2014. To learn more click on the picture below to read the article.