Breaking: Microsoft confirms intent to purchase GitHub for $7.5 billion in stock
Monday, June 4, 2018 at 10:41AM 
Chris Wanstrath (left), Github CEO and co-founder; Nat Friedman, Microsoft corporate vice president, Developer Services; Satya Nadella, Microsoft CEO; and Amy Hood, Microsoft Chief Financial Officer.
GitHub will retain its developer-first ethos. Operate independently and remain an open platform. -Microsoft
By Gadjo Cardenas Sevilla
Further to the earlier report that Microsoft is purchasing code repository and developer community hangout GitHub, we now have confirmation from Redmond that Microsoft intends to purchases GitHub for $7.5 billion in Microsoft stock.
Microsoft says that the "two companies will empower developers to achieve more at every stage of the development lifecycle, accelerate enterprise use of GitHub, and bring Microsoft’s developer tools and services to new audiences."
"The era of the intelligent cloud and intelligent edge is upon us. Computing is becoming embedded in the world, with every part of our daily life and work and every aspect of our society and economy being transformed by digital technology.Developers are the builders of this new era, writing the world’s code. And GitHub is their home," Microsoft CEO Satya Nadella stated in a blog post.