Rumor: Microsoft May Be Acquiring GitHub
Subject: General Tech | June 3, 2018 - 07:46 PM | Scott Michaud
Tagged: microsoft, github
Bloomberg is reporting that Microsoft has decided to acquire GitHub for an unknown amount. Some people are reporting that the deal was worth $2 billion USD, although they might have misread the Bloomberg post, which was talking about a $2 billion USD valuation during a round of private investments back in 2015. That said, the price seems right for what GitHub is, so it wouldn’t surprise me if that was what Microsoft paid.
And, of course, now people are also promoting alternatives. Personally, I use BitBucket and GitLab for work, but my personal projects are still on GitHub. While the new ownership doesn’t seem too bad to me, at least in the short term, I don’t say that with 100% confidence. In fact, just last year, Microsoft shut down CodePlex, which is like GitHub although it launched back in 2006. Bloomberg also reports that GitHub has been bleeding money in recent years, citing three quarters of 2016, so maybe it wouldn’t have lasted much longer to begin with.
There’s also some irony in Microsoft buying a company whose namesake, git, was created by Linus Torvalds.