Microsoft is said to have agreed to acquire coding site GitHub

Microsoft is buying code-sharing site GitHub, say reports

However, CNBC mentions that the acquisition would be for a price of 5000 million dollars or more, according to the expectations of GitHub.

The acquisition provides a way forward for San Francisco-based GitHub, which has been trying for nine months to find a new CEO and has yet to make a profit from its popular service that allows coders to share and collaborate on their work.

Microsoft is believed to have entered into an agreement to buy code repository site GitHub.

Github, which was valued at $2 billion back in 2015, generates $200 million in subscription revenue including $110 million from enterprise customers, but is not now profitable, having lost $66 million over three quarters in 2016. According to the report, Microsoft and GitHub have entertained an acquisition in recent years, but the talks have recently turned more serious.

Tristan Thompson fined $25K for Game 1 skirmish
Kevin Love has every reason to be perturbed, considering the ruling nearly matches word for word his description of the play. When the two forwards approached each other, Thompson had some words before ramming the ball into Green's face.

It's worth noting that Microsoft's journey started with creating software development tools and the company is known to lure developers from time-to-time to boost its software business.

Microsoft declined to comment. Many engineers use the site to store their code, keep tabs on updates, and even use it as a discussion forum. 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. Co-founder Chris Wanstrath left the company back in August, and Chief Business Officer Julio Avalos has been in charge of day-to-day matters in the interim. It lost some $66 million over three quarters in 2016.

The coding company is one of the biggest resources in the world for software developers. If Microsoft has shown anything over the last few years since CEO Satya Nadella took control, it's shown a commitment to meeting developers where they are, rather than forcing them onto Microsoft owned-and-controlled technologies.

Related news:

Hot News

isis-killer-beheading-video-story-top Oil retreats on stronger dollar, USA crude discount wider
Jun 04, 2018 - 10:03
Iran's light crude oil price rose 43 cents in the week ended on May 25, to continue its upward trend for third consecutive weeks. It has doubled in less than a month, as a lack of pipeline capacity in the United States has trapped a lot of output inland.

isis-killer-beheading-video-story-top Syria's Assad threatens to attack area under US-backed Kurds
Jun 02, 2018 - 09:20
Bashar al Assad has reacted to being called "Animal Assad" by US President Donald Trump with a phrase usually heard in school playgrounds.

isis-killer-beheading-video-story-top Russian journalist who faked death: I wanted to avoid Skripal’s fate
Jun 02, 2018 - 08:37
His wife called an ambulance and he was taken to a hospital intensive care unit, where a forensic expert "documented" his death. Babchenko said he was anxious the entire time the operation would fall through, but was relieved after it was completed.

isis-killer-beheading-video-story-top Zinedine Zidane, master of dramatic departures, Football News & Top Stories
Jun 02, 2018 - 07:57
It ended well for me when I was a player and it's ended well for me as a manager". Zidane was hired in January 2016, his first major coaching job.

isis-killer-beheading-video-story-top Assassin’s Creed: Odyssey teaser hints at an adventure in Greece
Jun 02, 2018 - 04:09
Could players be taking on the role of the Spartans in Assassin's Creed Odyssey? The game will take place in Ancient Greece. The publisher confirmed that fans should expect to hear way more about the game at E3 2018 .

isis-killer-beheading-video-story-top Brigitte Nielsen expecting fifth child at 54
Jun 01, 2018 - 21:45
The " Red Sonja " actress has been married to Italian model Mattia Dessi , her fifth husband , since 2006. Her fourth husband - from 1993 to 2003 - was documentary writer Raoul Meyer .

isis-killer-beheading-video-story-top White House to Impose Tariffs on $50 Billion of Chinese Goods
Jun 01, 2018 - 21:39
But according to the White House, the date of 15 June is announced which would finalize the question regarding tariffs. China also promised to "defend the core interests of the people and the nations" in response to Trump's crackdown.

isis-killer-beheading-video-story-top Curry Reveals Details About 'Trash Talk' With LeBron James
Jun 01, 2018 - 21:35
It was only one game, but they could've won the first game in Oakland and taken command of the series. Durant struggled with his shot but wound up with 26 points on 8-for-22 shooting and nine rebounds.

isis-killer-beheading-video-story-top LeBron James reaches scoring milestones in NBA Finals Game 1 loss
Jun 01, 2018 - 21:34
The two-time National Basketball Association champion also said that he hopes to get the best of James in this year's Finals. The Cleveland Cavaliers lost to the Golden State Warriors in heartbreaking fashion in Game 1 of the NBA Finals on Thursday.

isis-killer-beheading-video-story-top Xiaomi Mi 8 on DxOMark: joining the big leagues
Jun 01, 2018 - 21:00
There is no official news on when the Xiaomi Mi Band 3 will be arriving to the Malaysian market as well as the local price for it. You may be able to use NFC to make payments, but it's not now clear how that would work in other markets outside China.

isis-killer-beheading-video-story-top Meghan Markle: the rules she must follow as a royal
Jun 01, 2018 - 19:21
Almost two weeks after they tied the knot , Meghan Markle and Prince Harry are reportedly returning $9 million in wedding gifts . Following much pre-wedding speculation, the creator of Meghan's wedding dress was revealed as Clare Waight Keller of Givenchy.

isis-killer-beheading-video-story-top Yes, the Next Pixel XL will have a Notch, Too
Jun 01, 2018 - 19:18
That acquisition was completed in January , and Google said that the employees would now work in-house on future Pixel devices. Prior to the latest report , the notch display design in the Pixel 3 XL was hinted by a bunch of leaked screen protectors.

isis-killer-beheading-video-story-top Iran says int'l consensus over nuclear deal isolates US
May 31, 2018 - 22:59
India imported Dollars 10.5 billion worth of goods, mainly crude oil , and exported commodities worth USD 2.4 billion. It said New Delhi wants the nuclear deal's signatories to engage constructively with Tehran.

isis-killer-beheading-video-story-top Ancelotti 'thrilled' by Serie A return with Napoli
May 31, 2018 - 22:44
Sarri came within touching distance of the title last season but ultimately missed out to Juventus by just four points. You can't say you're ready to go and try again with this squad when you don't know whether everyone will remain here.

isis-killer-beheading-video-story-top U.S. to slap restrictions on some Chinese investments
May 31, 2018 - 22:22
Under that program, China aims to take a leading role in areas such as artificial intelligence, robotics, and electric cars. These steps include a 25 percent tariff on $50 billion in Chinese imports, many of which fall in the technology industry.