Recently, Microsoft is talking to purchase a software developer’s platform called GitHub, which last valued at $2 billion but the current price tag for an acquisition could be $5 billion or more, based on a price that was hovering around last year.
The negotiation has been going on since last year and recent talks have grown more important, said an anonymous person who familiar with the fact. However, at 2015 GitHub’s last valued was at $2 billion and after that, the company appeared fully committed to staying independent and pursuing an initial public offering.
The reason is not clear yet that why GitHub wants to go for sale but according to the Business Insider’s report, GitHub has been struggling to replace it CEO position since ten months when its founder and CEO Chris Wanstrath stepped down his position 10 months ago. Furthermore, the report also said that Google executive Sridhar Ramaswamy is now at one point under consideration for the GitHub’s CEO job.
By the way, to know about GitHub is basically used for software developers, particularly who use it to store code, keep track of updates and discuss issues. And more interestingly, it has more than 23 million individual users in more than 1.5 million organizations and was on track to book more than $200 million in subscription revenue including more than $110 million from companies using its enterprise product.
Microsoft declined to comment on the report while on the other hand GitHub also did not immediately return a request for any comment.