As expected, regulators from the European Union have approved Microsoft’s $7.5 billion acquisition of GitHub.
“The Commission found that the combination of Microsoft and GitHub’s activities on these markets would raise no competition concerns because the merged entity would continue to face significant competition from other players on both markets,” a European Commission statement explains.
Just days after rumors emerged that Microsoft was attempting to purchase GitHub this past June, the software giant announced its intentions. It would acquire GitHub for a stunning $7.5 billion, over $5 billion more than the software code repository service’s most recent valuation.
Later that month, a Google official admitted that that firm had also been interested in GitHub, but it was outbid by Microsoft.
Microsoft’s Nat Friedman, a Xamarin co-founder, will take over as GitHub CEO. And GitHub’s outgoing CEO, Chris Wanstrath, will become a Microsoft technical fellow and report to Scott Guthrie. GitHub will now become part of Microsoft’s Intelligent Cloud business segment.
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