Categories Earnings, U.S. Markets News
Microsoft pays $1.3 billion in cash in connection to GitHub deal
Tech giant Microsoft Corp (MSFT) in a Thursday filing said that it paid $1.3 billion in cash in connection to the acquisition of Github. The tech mammoth bought coding hosting startup GitHub in June for $7.5 billion in an all-stock deal.
A few days ago, Microsoft had said that the total $7.5 billion included cash payments of $1.3 billion “in respect of vested GitHub equity awards and an indemnity escrow.” Microsoft is yet to come out with a clearer statement regarding the latest transaction.

The tech mogul that acquired AI start-up Semantic Machines in May is the most active organization on GitHub, which has over 28 million developers on its platform and is used by over 1.8 million businesses and organizations worldwide.
As part of the deal, GitHub will operate independently and continue to remain as an open platform. The San Francisco-based unit of Microsoft is now led by CEO Nat Friedman, an open-source veteran, and its prior CEO Chris Wanstrath is now a technical fellow at Microsoft.
Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!
Most Popular
Infographic: How Starbucks (SBUX) performed in Q1 2023
Starbucks Corporation (NASDAQ: SBUX) reported first quarter 2023 earnings results today. Consolidated net revenues increased 8% year-over-year to $8.7 billion, in line with projections. Global comparable store sales increased
Earnings: Google parent Alphabet (GOOG, GOOGL) reports lower Q4 profit
Alphabet Inc. (NASDAQ: GOOGL, GOOG) on Thursday reported a 1% increase in fourth-quarter 2022 revenues, with strong contributions from the cloud business. The company, which owns the largest internet search
HOG Earnings: Key quarterly highlights from Harley-Davidson’s Q4 2022 financial results
Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,