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Microsoft is Going to Acquire GitHub - Biggest Tech Deal of this Month

Microsoft is Going to Acquire GitHub - Biggest Tech Deal of this Month

In : Technology By storytimes About :-1 year ago

Microsoft is Going to Acquire GitHub - Biggest Tech Deal of this Month

The company acquisition is not the new thing nowadays. When a small company or a startup gets popularity they can be acquired by the big size companies. Just like recently Facebook acquired Whatsapp Inc. and Walmart acquired Flipkart.

Microsoft is Going to Acquire GitHub:

Microsoft is Going to Acquire GitHub - Biggest Tech Deal of this Month

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In the same manner, according to the sources, a new news is coming that the most popular software company Microsoft is going to acquire GitHub Inc. and it will be announced officially as soon as possible. GitHub is very popular amongst the developers that are based on code reposition.

Microsoft is Going to Acquire GitHub - Biggest Tech Deal of this Month

via

As per the employee of GitHub, the company is going to sell their shares to Microsoft because they are very much impressed by the Microsoft's CEO Satya Nadella. GitHub was previously valued in 2015 at $2 billion.

This acquisition is more beneficial as Microsoft is going to acquire GitHub, the company is looking for their new CEO from past nine months and also it would increase the company profit. GitHub basically allows developers and their users to share and collaborate their work and coding to the others. It would be beneficial to Microsoft to add open source programming tools in their bucket. But the spokesperson of Microsoft Frank Shaw has denied commenting on this deal stated that Microsoft is going to acquire GitHub.