Microsoft has purchased GitHub, deal to be announced today

Microsoft products

An important agreement for Microsoft. Since throughout the day it will become official, but we already know that the company has bought GitHub. As many of you know, GitHub is a popular platform for storing code. It has gained popularity in recent years, becoming essential for millions of users.

Several American media such as Bloomberg have been in charge of announcing this agreement between the two companies. So far the amount that Microsoft will pay for this purchase is unknown. Although there are media that claim that could be around $ 5.000 billion.

A couple of years ago that GitHub was valued at $ 2.000 billion. But it appears that Microsoft has paid much more in this transaction. Already last year they tried to buy the company, with an offer of about 5.000 billion dollars that was rejected. It seems this year's offer was impossible to refuse.

GitHub

This agreement would be very beneficial to both parties. Since Microsoft's customers could benefit, so would the company's products. What's more, thanks to this operation, some stability could be brought to GitHub. Since the company has big problems with the monetization of its products. Something that has generated constant losses.

At least since 2016 the company has suffered losses continuously and they remain in the red. Although this is not the only problem with GitHub. Since the firm suffers from a huge turnover of executives. In fact, They have been looking for a new CEO for about nine months. Therefore, the purchase by Microsoft would help stabilize the situation and provide more experience.

This purchase announcement is expected to be made official today. Then we will know all the details and also what Microsoft has paid to buy GitHub. We hope to know soon what the company's plans are and how they will take advantage of this purchase.


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