Monday, June 4, 2018
Microsoft announces Monday that it has entered into an agreement to purchase $ 7.5 billion IT company GitHub in Microsoft shares.
At today’s rate it is equivalent to NOK 60.1 billion.
“Microsoft is a” first developer “company, and by combining the forces with Github, we are strengthening our commitment to freedom of development, openness and innovation,” says CEO Satya Nadella in a press release.
“We acknowledge the social responsibility we undertake with this agreement and will do our best to ensure that all developers are able to build, innovate and solve the world’s most pressing challenges,” explains Nadella.
The agreement is expected to be completed in 2018.