- Microsoft (NASDAQ:MSFT) acquires code-repository platform GitHub for $7.5B in Microsoft stock.
- Microsoft VP Nat Friedman will assume the role of Github CEO while current Github leader Chris Wanstrath becomes a Microsoft technical fellow.
- The deal is expected to close by the end of CY18. Upon closing, GitHub’s financials will be reported as part of Microsoft’s Intelligent Cloud segment.
- Microsoft expects the acquisition to be accretive to non-GAAP operating income in FY20 and to have a dilution of less than 1% to non-GAAP EPS in FY19 and FY20.
- Conference call: The related parties will have a joint conference call today at 10 AM Eastern to discuss the transaction with a webcast available here.
- Microsoft shares are up 0.9% to $101.66.
- Previously: Business Insider: Microsoft in talks to acquire GitHub (June 1)
- Previously: Bloomberg: Microsoft could announce GitHub acquisition today (June 4)
- Now read: It's Different This Time
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