Microsoft officially has acquired GitHub for $7.5B

 Microsoft reportedly to have officially acquired the GitHub for $7.5 B, the coding site and will announce the deal in the near future. Sources familiar with the acquisition said GitHub preferred to be bought by Microsoft rather than an initial public offering (IPO). The reason is their admiration for Microsoft CEO, Satya Nadella.

Monday (4/7/2018), until now still not known what the content of the acquisition agreement between Microsoft and GitHub. Microsoft itself previously antipathy to open-source application development sites such as GitHub. But as the company's strategy changes, Nadella is getting closer to the site. In fact, according to other sources, Microsoft has been trying to acquire GitHub since a few years ago.

GitHub is a site where programming experts code, and collaborate to make something. This site is also valuable for many companies, such as Microsoft and Alphabet that often save the programming code and collaborate to develop it there. The site is quite popular among programmers, and last got a valuation of $ 2 B

Its total users reach 27 million application developers who work on as many as 80 million programming codes. Nevertheless, GitHub continues to experience significant losses. In 2016, the site posted a loss of $ 66 M in three quarters. The collaboration website also announced that it was looking for a new CEO to replace the position of one of its founders, Chris Wanstrath.

GitHub's purchase by Microsoft allows GitHub a step further in getting the profit from the popular software development platform services they provide.

As for Microsoft, buying GitHub can help them expand into the field of Open Source because lately, Microsoft depends a lot on Open Source technology to run its business. Microsoft can also strengthen their cloud business through software development platform services, as well as develop other programming tools.

GitHub itself is a very important tool for coders. Many major technology companies, including Microsoft, Google, to Apple also use GitHub for their software development and application collaboration tools.