Home Microsoft buys GitHub for USD 7.5 bln in stock
 

Keywords :   


Microsoft buys GitHub for USD 7.5 bln in stock

2018-06-04 15:37:00| Telecompaper Headlines

(Telecompaper) Microsoft has acquired software development platform GitHub for USD 7.5 billion in stock. The platform has over 28 million developers using it. Microsoft VP and Xamarin founder Nat Friedman will become GitHub's CEO, replacing current chief Chris Wanstrath, who will become a Microsoft technical fellow, reporting to EVP Scott Guthrie, to work on strategic software initiatives. To help with the purchase, Apple will probably soon launch a new and larger than normal share buyback programme. It will also use part of the remaining USD 30 billion of its current share buyback programme.

Tags: in stock microsoft usd

Category:Telecommunications

Latest from this category

All news

21.06Intel CEO resigns after relationship with employee
21.06AT&T launches WatchTV app for unlimited mobile customers
21.06Telenor Norway expects to appeal against largest ever competition fine of NOK 788 mln
21.06Altice to sell stakes in French and Portuguese tower businesses for EUR 2.5 bln
21.06TIM open to FTTH tie-up with Open Fiber - CEO
21.06Xiaomi sets IPO price range, signs up 7 key investors
21.06Instagram passes 1 bln users, launches long-form video service
21.06China adds 22 million 4G service subscribers in May
Telecommunications »
21.06GlassKing Recovery & Recycling Turns Glass into Usable Product
21.06Restaurant Chains are Hungry for Waste Reduction
21.06Lytx Study Uncovers Waste Industry Collision Trends
21.06Tax Reform Good for Electrical Manufacturers but NEMA Survey Says Three Fixes Needed
21.06TTC Telemetry, Tracking and Control Engineer
21.06C&C Group signs Tennent's deal with Scottish Rugby
21.06Intel chief Brian Krzanich resigns over relationship
21.06Nanoval Sells Spunlaid Line in Asia
More »