Microsoft officially closes $7.5 billion purchase of GitHub

Microsoft has officially acquired the developer platform, GitHub.

In June, Microsoft confirmed reports that the company was seeking a deal to purchase GitHub, a hosting service and platform geared towards computer programmers and developers. GitHub was last valued at $2 billion. Microsoft acquired them for $7.5 billion.

In an announcement posted on the Official Microsoft Blog on Friday, the company announced the completion of the GitHub acquisition and laid out the future of the service. “GitHub will retain its developer-first ethos, operate independently, and remain an open platform,” Microsoft’s post says.  Read more…

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Source: Mashable | Microsoft officially closes .5 billion purchase of GitHub