Microsoft has announced it is to acquire the code-sharing site Github. It is used by employees at many big companies, including Microsoft. Github, based in San Francisco, is an online platform that allows coders to collaborate with each other on their work.
Microsoft said it was paying $7.5bn (£5.6bn) in stock to achieve the deal, which is due to be completed before the end of the year.
Github is currently used by more than 28 million developers, who in turn represent more than 1.5 million organisations across a range of industries.
The business will be led by Nat Friedman, the founder of Xamarin – a mobile software development service acquired by Microsoft in 2016.
Microsoft added that Github’s current chief executive, Chris Wanstrath, will move elsewhere in its corporation to work on strategic software initiatives.
Github’s basic service is free, but it charges a monthly fee of up to $21 per user for extra services including round-the-clock support and the ability to give team members different levels of access.
“Modern programming is about assembling code… as well as writing it, and code tends to belong in one place where it’s easy to access and that place was, is, and will be Github.
“The combination of Microsoft and GitHub is a powerful one and I know that Satya and team understand the incredible opportunity.”