According to the latest report shared by popular website Business Insider, tech giant Microsoft is reportedly interested in purchasing GitHub, a web-based hosting service for version control using git and it is mostly used for computer code. .
Microsoft plans to buy GitHub, valued at $ 5 billion
According to the report shared by Business Insider, tech giant Microsoft is said to be interested in purchasing GitHub, a web-based hosting service for version control using git. It is mainly used for computer code.
The interest that tech giant Microsoft has in GitHub is nothing new since, over the years, there have been many rumors about conversations about a purchase contract.
Negotiations led by tech giant Microsoft to acquire GitHub began in 2016, but have never progressed enough so far. Although there is no confirmation from either party, Business Insider sources assure that GitHub would be willing to strike a deal, if certain conditions are met.
One of them is to maintain independence and to continue with the same dynamic that they have been developing from the start. As for the amount of the sale, it seems they haven’t come to an agreement yet, but the last valuation GitHub received was $ 2,000 million in 2015.
However, CNBC does mention that the acquisition would be priced at $ 5,000 million or more, according to GitHub’s expectations. Right now, all of this data is just speculation, and until some of the parties at least confirm the intent of the transaction, it will only be rumored.
So, it remains to be seen if tech giant Microsoft manages to make a truly tempting offer and if GitHub sees that this is the future they want the platform to be. So what do you think? Just share all of your opinions and thoughts in the comments section below.