Skip to main content

Microsoft Said to Be in Talks to Buy Code-Repository GitHub

Microsoft Said to Be in Talks to Buy Code-Repository GitHub

 

Highlights

  • Microsoft has reportedly long been considering a buyout
  • GitHub was last valued at $2 billion in 2015
  • The code-repository may now be valued at over $5 billion
Microsoft has reportedly held talks to buy software developer platform GitHub. The San Francisco, California-headquartered GitHub has more than 23 million individual users in more than 1.5 million organisations. Software developers use the tools of the privately-held company to store code, keep track of updates and discuss issues.
The Business Insider reports that the acquisition talks turning serious mark a change of strategy as just six months ago GitHub appeared committed to staying independent, the report said on Friday citing people close to the companies.
According to a CNBC report, the talks of acquisition progressed from a planned joint marketing partnership valued around $35 million.


GitHub was last valued at $2 billion in its last funding round in 2015. Based on a price that was floated last year, the report said that acquiring GitHub could cost Microsoft $5 billion or more.
The talks come at a time when GitHub is reportedly struggling to replace CEO and founder Chris Wanstrath, who announced his resignation about 10 months ago. Microsoft reportedly toyed with the idea of acquiring GitHub in the past too, including in 2016, although GitHub did not confirm those reports. The Business Insider report added that Microsoft executive Nat Friedman may take the CEO role - he previously headed the developer tools startup Xamarin. Google's Sridhar Ramaswamy had also been in talks for the top role, the report claimed.

 Subscribe_'Technology Paradise'_ For More Upcoming All Latest Tech News !!

Comments

Popular posts from this blog

OnePlus Bullets Wireless Earphones: Are The Good Considered For Their Price??

Highlights:- It supports Qualcomm aptX streaming codec Mid-range is detailed and battery life is also very good The OnePlus Bullets Wireless is priced at Rs. 3,990 Over the years, OnePlus has earned a reputation of offering ‘more for less’ and this philosophy continues till today. Alongside the launch of its newest flagship smartphone, the OnePlus 6 (Review), the company also unveiled its very first pair of wireless earphones called the Bullets Wireless. The wired OnePlus Bullets V2 earphones have been hugely popular and have been rated highly by us too, for its value for money and good performance. With the 3.5mm headphone socket slowly disappearing from smartphones, it only made sense for the company to dabble with a wireless option too. The Bullets Wireless earphone is priced at Rs. 3,990 and boasts of features like fast charging, eight hours of claimed battery life, and Qualcomm’s aptX high resolution audio codec support. We’ve been testing th...

Samsung Unveils 2018 TV Range in India With Ambient Display And S Voice !!

Highlights:- Samsung has refreshed its QLED, UHD and Concert range of televisions Prices start at Rs. 27,500 Samsung has introduced a few offers to coincide with the FIFA World Cup Samsung has launched its 2018 lineup of televisions in India. The company, which recently launched a cheaper 43-inch variant of its Frame TV, has refreshed its flagship QLED, mid-range UHD, and 'Make for India' Concert range of televisions. The South Korean giant has increased its UHD lineup from 10 models to 16 models and its QLED lineup from 6 to 8 models. The former now starts at Rs. 64,900 and the latter is priced starting at Rs. 2,45,000. Televisions across both ranges now come with Samsung's One Remote with S-Voice built-in. Samsung's 2018 QLED lineup is equipped with an 'Ambient Mode' that replicates the pattern on the wall behind the TV. This allows the televisions to blend into a room, even when they are switched off. You can take a photo of the...