Microsoft reportedly in "serious" talks to acquire GitHub

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Microsoft is contemplating a full acquisition of the popular code repository, GitHub.

A purchase price wasn't revealed, but GitHub was last valued at $2 billion in 2015.

Why would Microsoft make this deal? In any case, we will be sure to keep you abreast of updates as the story develops. Open source stands for making software code available to everyone. The ten-year-old company is practically a tracking stock for the number of software developers now plying their trade around the world, a number that has been pegged around 20 million but that estimate probably undercounts hobbyist developers.

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GitHub CEO and co-founder Chris Wanstrath. It's not inaccurate or hyperbole to call GitHub the epicenter of the software development universe.

In response to the news, many developers have started looking for alternative options for hosting their projects. GitHub has also been undergoing executive changes. Microsoft CEO Nadella has been moving the company away from hesitations with open-source software development and investing more heavily in resources like GitHub. Many corporations, including Microsoft and Alphabet Inc.'s Google, use GitHub to store their corporate code and to collaborate. Former Microsoft CEO Steve Ballmer had called open source "Cancer" in 2001. Terms of the agreement weren't known on Sunday.

An overview of Github, which is used by millions of people working on software to manage code. It's been said so much over the last few years as to verge on cliche, but this really is a different Microsoft. If this acquisition falls through, Microsoft will benefit immensely by gaining access to millions of developers and companies who can prove to be potential users for Microsoft's cloud services and other technology products. It's also a social network of sorts for developers. However, this time the conversations have become more serious.