Microsoft to buy GitHub, a platform for software developers, for $7.5 billion in stock

Microsoft to buy GitHub, a platform for software developers, for $7.5 billion in stock

Microsoft on Monday announced plans to acquire software developer platform GitHub in a deal valued at $7.5 billion. GitHub was valued at $2 billion in its last funding round in 2015, though it has yet to turn a profit. Microsoft has seen its once-dominant Windows unit slip in market share in recent years, spurring a cloud-first reorganization and sending Microsoft looking for alternatives to court developers. “Microsoft is a developer-first company, and by joining forces…

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