“Microsoft is a developer-first company, and by joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation,” said Satya Nadella, CEO, Microsoft. “We recognize the community responsibility we take on with this agreement and will do our best work to empower every developer to build, innovate and solve the world’s most pressing challenges.”
Under the deal, Microsoft’s Nat Friedman will take over as GitHub CEO, while the privately held code repository company’s current chief executive will become a Microsoft technical fellow tasked with working on strategic software initiatives.
On an adjusted basis, Microsoft expects the transaction to decrease earnings per share by less than 1% in fiscal years 2019 and 2020 and add to its operating income in fiscal year 2020. It said GitHub’s financials will be reported as part of the Intelligent Cloud segment.
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