Microsoft to acquire GitHub

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It is now rumored that the Microsoft and GitHub deal may lie around $5 billion which might be too high for Microsoft's consideration.

The reported acquisition comes amid the San Francisco-based company's almost year-long search for a new CEO, as well as its first profit from its services.

Github is an online service that allows developers to host their code in the cloud using the popular Git source management system, invented by Linux founder Linus Torvalds in 2005.

Murmurs about the acquisition bubbled up late last week as the CEO-less GitHub was reportedly in talks with Microsoft about a sale.

So, it remains to see if the tech giant Microsoft manages to make a really tempting offer and if GitHub considers that this is the future they want to give the platform.

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GitHub has operated independently since its launch and was last valued at $2 billion.

Now even the big companies of our day, including Microsoft, use Github as an important tool in their software development processes.

In August, GitHub announced that it was looking for a CEO to replace Chris Wanstrath, one of the company's co-founders. As part of its evolving stance on interoperability with the outside world, Microsoft first embraced GitHub years ago and it now offers deep integration with the service via its Visual Studio tools. It lost some $66 million over three quarters in 2016. In the interim, GitHub's Chief Business Officer Julio Avalos joined the company's board of directors and took over much of the day-to-day leadership of the company.

The interest that the tech giant Microsoft has for GitHub is not new since throughout these years there have been many rumours about conversations about a purchase agreement.

Microsoft has talked to GitHub on and off for a few years.