Microsoft Corporation is set to announce an acquisition of GitHub Inc. on Monday, according to Bloomberg.
The coding company is one of the biggest resources in the world for software developers. The company chose to sell to Microsoft partially because of Microsoft's CEO Satya Nadella, according to the reports and those close to the project.
The companies have reportedly had several discussions about partnership in recent years, but those close to GitHub's decision told media outlets that talks have grown increasingly more serious.
The code repository has been used by some of software development's biggest names including Apple, Google, and Amazon. However, Microsoft is GitHub's largest contributor with over 1,000 Microsoft employees contributing code to the repositories frequently.
In 2015, GitHub was valued at $2 billion. There's no word yet as to how much Microsoft paid for GitHub in this acquisition. Within three quarters of 2016, GitHub lost over $66 million. However, it also gained $98 million in nine months of 2016, Bloomberg noted.
Microsoft's spokespeople have declined to comment on the decision. GitHub has also not responded to media inquiries to the potential acquisition.
GitHub currently has over 27 million software developers contributing to over 80 million repositories of code. Microsoft CEO Nadella has been moving the company away from hesitations with open-source software development and investing more heavily in resources like GitHub. GitHub has also been undergoing executive changes. Last August, the company said it wanted a replacement for CEO Chris Wanstrath -- one of GitHub's founders. Chief Business Officer Julio Avalos joined the company's board of directors and currently serves as the day-to-day face and leadership of the company, Bloomberg noted.
Interesting Engineering will continue updating this story as more information becomes available.