$5 submissions |
06-14-2018 01:59 PM |
Microsoft buys another Web favorite for $7.5 B
What do you guys think? Good deal? Or bum deal like Skype?
Quote:
Microsoft acquired GitHub for $7.5 billion in stock last week, the third largest in Microsoft’s history behind Skype ($8.5B) and LinkedIn ($26.2B). Microsoft paid 30x GitHub’s annual revenue, nearly 5x what they paid for LinkedIn back in 2016. 😮
We all get anxious when our favorite product is gobbled up by a giant — especially one like Microsoft, who has a history of embracing brands... only to destroy them later. Sunrise, a wildly popular calendar app, and Mailbox, a stunning email client, are now both headstones in big tech’s digital graveyard.
There’s serious concern that Microsoft could use the acquisition to advance its own interests at the expense of GitHub’s dedicated community. Maybe they put up LinkedIn-style paywalls. Or, maybe...
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