MICROSOFT ACQUIRES GITHUB IN $7.5B STOCK DEAL
Microsoft is paying $7.5 billion for GitHub, an open-source code repository where 28 million developers learn, share and collaborate. Microsoft says the transaction, which must pass the usual regulatory scrutiny, will close by the end of 2018. “We recognize the community responsibility we take on with this agreement and will do our best work to empower every developer to build, innovate and solve the world’s most pressing challenges,” Microsoft CEO Satya Nadella said in a release announcing the deal.