Bloomberg is reporting that Microsoft has acquired GitHub, and will announce the deal on Monday. Its co-founder, Tom Preston-Werner, resigned in 2014 after harassment allegations surfaced.
Microsoft and GitHub declined to comment, however, it is important to state that nothing has been confirmed as yet, and that both companies are merely at a discussion stage.
The company had raised $250 million in 2015 bringing the company's valuation to $2 billion. This would make it one of the company's largest all-time acquisitions.
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In addition to being home to the overwhelming majority of open source projects, it's also used by developers within companies to privately collaborate on software. In short, GitHub is a big part of modern software development. Microsoft is the top contributor to the site, and has more than 1,000 employees actively pushing code to repositories on GitHub according to The Verge.
Now even the big companies of our day, including Microsoft, use Github as an important tool in their software development processes. It lost some $66 million over three quarters in 2016.
The change may have occurred when CEO of GitHub, Chris Wanstrath stepped down in August 2017. 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. 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.
Interesting Engineering will continue updating this story as more information becomes available.