Microsoft Acquires GitHub for $7.5 Billion

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After being rumored for much of this past weekend, Microsoft has confirmed their acquisition of software development platform GitHub.  The all stock transaction is estimated to be $7.5 billion with the Redmond, Washington company committing that development platform will remain open source.

And Microsoft is all-in on open source. We have been on a journey with open source, and today we are active in the open source ecosystem, we contribute to open source projects, and some of our most vibrant developer tools and frameworks are open source. When it comes to our commitment to open source, judge us by the actions we have taken in the recent past, our actions today, and in the future.

The acquisition puts Microsoft in a strong position when it comes to software development in general and certainly a key player in the open source development community.

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