Microsoft goes back to its roots and has agreed to buy Github for $7.5b!

Microsoft goes back to its roots and has agreed to  buy Github  for $7.5b! 

GitHub  lost $66 million over three quarters in 2016, with revenue of $98 million. In 2015 Github was purportedly worth $2b in 2015!

Bill Gates and Paul Allen founded Microsoft to give hobbyists a way to program a new micro-computer kit, the MITS Altair, and it now seems to be going back to its core! 

GitHub is a code repository and a social network of sorts for 27 million software developers, hosting on around 80 million repositories of code. Many corporations, including Microsoft and Alphabet Inc.’s Google, use it to store their corporate code and to collaborate and communicate with each other. 

Microsoft used to be obsessed with everything being on the Microsoft platform, being totally against open source. Open-source software allows developers to tinker with, improve upon and share code -- an approach that threatened Microsoft’s business model and the Windows Operating System.

Under the leadership of  CEO Satya Nadella, Microsoft have done an 180 degree turn. Microsoft is now supporting Linux, and has used open-source models on many of its products  - moving away from the Windows Operating System, finding the power of collaboration  and being able to connect with the broader developer community the natural way to do business 

The players at Github-  In August, GitHub announced that it was looking for a CEO to replace Chris Wanstrath, one of the company’s co-founders. At the time 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.