Microsoft’s $7.5BN GitHub buy gets green-lit by EU regulators | Industry
Breaking Tech Industry news from the top sources
Microsoft’s planned acquisition of Git-based code sharing and collaboration service, GitHub, has been given an unconditional greenlight from European Union regulators.
The software giant announced its intention to bag GitHub back in June, saying it would shell out $7.5 billion in stock to do so. At the time it also pledged: “GitHub will retain its developer-first ethos and will operate independently to provide an open platform for all developers in all industries.”
The European Commission approved the plan today, saying its assessment had concluded there would be no adverse impact on competition in the relevant markets, owing to the combined entity continuing to face “significant competition”.
In particular, it said it looked at whether Microsoft would have the ability and incentive to further integrate its own devops tools and cloud services with GitHub while limiting integration with third party tools and services.
The Commission decided Microsoft would have no incentive to undermine the GitHub’s openness — saying any attempt to do so would reduce its value for developers, who the Commission judged as willing and able to switch to other platforms.
Microsoft has previously said it expects the acquisition to close before the end of the year.