TechTaffy

tech:

taffy

Microsoft to acquire GitHub for $7.5B

By TechTaffy Desk

Microsoft is acquiring GitHub for $7.5 billion in Microsoft stock. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to close by the end of the calendar year. Upon closing, GitHub will be part of the company’s Intelligent Cloud segment.

GitHub, founded in October 2007, lets developers save code and projects in the cloud. Repositories can be both private and public. It currently has more 85 million repositories, according to the company website; with developers from over 1.5 million companies. GitHub will continue to operate independently, assures Microsoft.

Microsoft vice president Nat Friedman, founder of Xamarin, will assume the role of GitHub CEO. GitHub’s current CEO, Chris Wanstrath, will become a Microsoft technical fellow, reporting to executive vice president Scott Guthrie. Mr. Wanstrath will be working on ‘strategic software initiatives’, says Microsoft. “Their focus on developers lines up perfectly with our own, and their scale, tools and global cloud will play a huge role in making GitHub even more valuable for developers everywhere,” said Mr. Wanstrath in a statement, talking about the acquisition.

“Microsoft is a developer-first company, and by joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation,” said Satya Nadella, CEO, Microsoft. “We recognize the community responsibility we take on with this agreement and will do our best work to empower every developer to build, innovate and solve the world’s most pressing challenges.”

Simpson Thacher & Bartlett is acting as legal advisor to Microsoft. Morgan Stanley is acting as exclusive financial advisor to GitHub, while Fenwick & West is acting as its legal advisor.

Blog post by GitHub: https://blog.github.com/2018-06-04-github-microsoft/

Blog post by Microsoft: https://blogs.microsoft.com/blog/2018/06/04/microsoft-github-empowering-developers/

[Image courtesy: Microsoft]

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.