Microsoft Is Acquiring Software Development Platform GitHub

Microsoft confirms it's in the process of buying the software development platform Get Hub, CNBC reports the deal is valued at $7.5 billion more than three times the $2 billion get help with valued at Back in 2015. Microsoft CEO Satya Nadella suggested the acquisition would help the company strengthen its commitment to developer freedom, openness and innovation, adding. We recognize the community responsibility. We take on with this agreement and we'll do our best work to empower every developer to build, innovate and solve the world's most pressing challenges. Get Hub allows software developers to work together and share code in order to improve it. Microsoft touted the 28 million plus users collaborating on Get Hub, as well as the 85 million code repositories that hosts Microsoft expects the deal to close before the year's out. At that time, VP of Microsoft Nat Friedman will take over as CEO, replacing Git Hub founder and former chief executive Chris Wants Draft. The acquisition comes after Microsoft shuttered its own get hub competitor Code Plex at the end of last year.