[FoxBusiness.com]:Microsoft Corp. announced Monday it would acquire coding website GitHub in a $7.5 billion, all-stock deal.
“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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Twitter user Stephen Throughton tweeted a screen shot of what he claims to be a leak directly from Apple that shows the yet to be announced next version of MacOS.
The screen shot not only shows that the company will be adding a true dark mode, but also the next version of its Xcode developer's suite, dubbed Xcode 10.
(CNBC): Yesterday FOX announced that they have set a date to vote on Disney’s deal to buy FOX. This vote will happen on July 10, and FOX will give stockholders an opportunity to voice their opinions on the proposed merger with the Walt Disney Company.
With this proposed merger, Disney will get ownership of 20th-Century Fox movie and television studio, FOX’s 22 regional sports channels, cable channels including FX and National Geographic, and FOX’s portfolio of international operations, including a fast-growing pay-TV service in India. The deal will also give Disney 60% ownership of Hulu.
The deal does not include FOX News, the FOX broadcast network, television stations and FOX Sports 1 and FOX Sports 2. Newspapers such as the Wall Street Journal, New York Post, Times of Londonand a portfolio of Australian properties are housed in a second company, News Corp.
The deal still needs to be approved before it can be official and many are speculating the DOJ may request some parts of Disney or FOX be sold off before the deal is approved. Yet getting stockholder approval will be a huge step in getting the merger approved.
