BY ROY ALBERT ANDRADE, K1LLER, Inc.
REDMOND, WASHINGTON - Microsoft Corp. announced this morning, it has reached an agreement with GitHub, the world's leading software development platform, to acquire the company, and together will empower developers to achieve more at every stage of the development life-cycle. Under the terms of the agreement, Microsoft Corp. will acquire GitHub for $7.5 billion in Microsoft stock. The acquisition is expected to close by the end of 2018. Microsoft Corporate Vice President Nat Friedman, founder of Xamarin, will assume the role of GitHub CEO.
"Microsoft is a developer-first company, and by joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation," said Satya Nadella, CEO, Microsoft. "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."
Simpson Thacher & Bartlett LLP is acting as legal advisor to Microsoft. Morgan Stanley is acting as exclusive financial advisor to GitHub, while Fenwick & West LLP is acting as its legal advisor.
"I'm extremely proud of what GitHub and our community have accomplished over the past decade, and I can't wait to see what lies ahead. The future of software development is bright, and I'm thrilled to be joining forces with Microsoft to help make it a reality," Wanstrath said. "Their focus on developers lines up perfectly with our own, and their scale, tools and global cloud will play a huge role in making GitHub even more valuable for developers everywhere."
Shawn W. Anderson