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Illustration: Lazaro Gamio/Axios

Microsoft announced this morning it is acquiring GitHub, the social network for coders as well as home to millions of different software projects, for $7.5 billion.

Why it matters: This further highlights the turnaround Microsoft has already made in its stance toward open source software.

Statement:

"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."
Satya Nadellla, CEO, Microsoft

Behind the scenes: While former Microsoft CEO Steve Ballmer once called Linux a cancer, the company has steadily warmed to open source, with Nadella embracing it with open arms.

GitHub plays into that strategy as it's used by developers of all stripes to store their code projects. The San Francisco-based company was founded in 2008 and is now home to 80 million software repositories.

The big picture: Playing host to the world's code doesn't necessarily make Microsoft a more central player, but it could tightly integrate GitHub into its developer tools. Microsoft decided last year to shut down its own CodePlex software repository, bowing to GitHub's popularity.

What about Windows? Though certainly a fan of its homegrown operating system, Microsoft's main goal these days is to be in tight with developers and get them writing code that can live in its Azure cloud.

  • Microsoft even dropped the Windows name from Azure, reflecting the fact you don't have to use Windows to work with Azure.

History lesson: Microsoft's shift to embrace Linux is somewhat reminiscent of the earlier move IBM made to do so. Both companies are now seen as the mature veterans of the enterprise market, more interested in meeting corporate computing needs than pushing homegrown architectures.

Tick-tock: Here's a quick timeline of Microsoft's changing attitude toward open source software.

More on the deal: The transaction is valued at $7.5 billion in stock, with that price remaining firm no matter where Microsoft shares are trading when the deal closes.

  • It's a big win for GitHub's venture capitalists, who invested just $450 million over two rounds (most recently at a $2 billion valuation). They include Sequoia Capital, Andreessen Horowitz, IVP, Markmel Co. and Thrive Capital.
  • There was talk about rival interest from companies like Google, but we're getting conflicting accounts on if a formal offer was made. What everyone agrees on is that GitHub received tons of inbound M&A inquiries over the years.
  • Microsoft exec Nat Friedman (founder of Xamarin) takes over as CEO, while current GitHub CEO Chris Wanstrath becomes a Microsoft technical fellow.

Go deeper

CCP releases two jailed Canadians after Huawei CFO deal with DOJ

Photo: Sheldon Cooper/SOPA Images/LightRocket via Getty Images

Two Canadians imprisoned by the Chinese government for over 1,000 days have been released and are expected to arrive in Canada on Saturday, Prime Minister Justin Trudeau said Friday.

Why it matters: Their release comes hours after Huawei Technologies CFO Meng Wanzhou reached a deal with the U.S. Department of Justice that resolves the criminal charges against her and could pave the way for her to return to China.

Updated 11 hours ago - Politics & Policy

Arizona GOP's private recount of 2020 election confirms Biden's win

Contractors working on behalf of the GOP examine and recount 2020 ballots at Arizona Veterans Memorial Coliseum in Phoenix in May. Photo: Courtney Pedroza/Getty Images

In an odd coda to the 2020 election, private contractors conducting a GOP-commissioned recount in Arizona confirmed President Biden’s win in Maricopa County.

Why it matters: The unofficial, party-driven recount has been heavily covered on cable news as part of former President Trump's continued effort to sow doubt about the election result.

Del Rio bridge camp empty following Haitian migrant surge

A boy bathes himself in a jug of water inside a migrant camp at the U.S.-Mexico border on Sept. 21 in Del Rio, Texas. Photo: John Moore/Getty Images

The last migrants camping under the Del Rio International Bridge, which connects Texas and Mexico, departed on Friday, Homeland Security Secretary Alejandro Mayorkas announced during a White House press briefing.

Driving the news: Thousands of migrants, mostly from Haiti, had arrived to the makeshift camp after crossing the southern border seeking asylum. Roughly 1,800 migrants will now head to U.S. Customs and Border Protection processing centers.