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Microsoft Buys Coding Platform Github for $7.5 Billion and Creates 3 New Billionaires

Microsoft Buys Coding Platform Github for $7.5 Billion and Creates 3 New Billionaires

Microsoft has reached an agreement to buy coding platform Github for $7.5 Billion, making the 3 co-founders of Github billionaires.  The 3 co-founders Tom Preston-Werner, Chris Wanstrath and PJ Hyett and the remaining shareholders will receive $7.5 billion in Microsoft shares.  The transaction will also make each of the 3 co-founders, one of the largest individual shareholder of Microsoft.

“Microsoft Buys Coding Platform Github for $7.5 Billion and Creates 3 New Billionaires”

Founded in 2008 by Tom Preston-Werner, Chris Wanstrath and PJ Hyett, GitHub is the world’s leading software development platform with more than 28 million developers on the platform.  Microsoft is the world’s largest software company founded by Bill Gates and Paul Allen in 1975.  The founder Bill Gates, is the world’s richest man with a personal fortune exceeding $90 billion.

The acquisition is expected to close by the end of 2018.

Source: Microsoft, Github, Bloomberg

 

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