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Microsoft buys Code Sharing platform GitHub for $7.5 billion

In a post on twitter, software company Microsoft has announced acquiring popular code sharing site GitHub.

GitHub hosts open-source software projects from countless companies and organizations, including Apple, Amazon, Facebook, Google, Walmart, and the US government. According to Microsoft, GitHub has 28 million users and hosts 85 million codebases. It also hosts proprietary code and internal communications for many companies that pay to use its private hosting service.

The deal is a big bet on Azure, the company’s fast-growing cloud business, as it will be able to lure more code developers who use GitHub and drive more business to Microsoft.

By pulling off its largest acquisition since the $26 billion acquisition of LinkedIn in 2016, Microsoft gets a platform universally known by developers.
Microsoft CEO Satya Nadella said Microsoft will use GitHub to promote company’s own developer tools and use its sales team to speed up adoption of GitHub by its big business customers.

The deal reflects the company’s ongoing pivot to open source software and seeks to further broaden its large and growing development community, Moody’s analyst Richard Lane said.

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