It’s official: Microsoft has acquired GitHub for $7.5 billion

It’s official: Microsoft has acquired GitHub for $7.5 billion

After much speculation, Microsoft has confirmed its acquisition of the social coding platform Github in an all-stock deal worth $7.5 billion.

The acquisition is expected to close by the end of the year, subject to regulatory approval.

As part of the purchase, Microsoft is installing a new CEO. Former Xamarin chief Nat Friedman will replace the outgoing GitHub CEO and co-founder, Chris Wanstrath. Microsoft says that Wandstrath will join the company as a technical fellow.

The deal is unlikely to change the day-to-day running of GitHub. Microsoft says that the service will continue to run independently, and will retain its “developer ethos.”

This story is developing.

Read next: The Nix Mini Color Sensor is the designer’s best friend...and now it’s 30% off

Corona coverage

Read our daily coverage on how the tech industry is responding to the coronavirus and subscribe to our weekly newsletter Coronavirus in Context.

For tips and tricks on working remotely, check out our Growth Quarters articles here or follow us on Twitter.