Monday, June 4, 2018

"Microsoft is reportedly set to buy coding giant GitHub, with a deal to happen later today"

From City AM:
Reports of talks have been floating around that say a deal could happen today which would see Microsoft acquire code repository GitHub, after years of on-and-off conversations.

GitHub itself has always said it wishes to remain independent, but the situation escalated after reports came in on Friday that a deal was imminent between the two parties from Business Insider.

New information came to light last night from Bloomberg sources that the acquisition could happen today, however spokespeople for both companies have either declined or not responded to requests for comment.

Just six months ago, GitHub was reported to be in the process of exploring a potential IPO, with the company’s last valuation coming in at $2bn (£1.5bn) in 2015. If the sale goes through, Microsoft would gain access to some 27m software developers via GitHub....MORE