CNBC: Google was in talks for GitHub buy but Microsoft won out

Jun. 05, 2018 12:17 PM ETAlphabet Inc. (GOOG)GOOG, MSFT, GOOGLBy: Brandy Betz, SA News Editor49 Comments
  • CNBC sources say Alphabet’s (GOOG -0.2%)(GOOGL -0.2%) Google was talking to GitHub about an acquisition in recent weeks before Microsoft (NASDAQ:MSFT) made the purchase.
  • The sources suggest Microsoft’s bid was high enough to keep Google to the side and that Microsoft ended up paying 25x revenue, which would make for annual revenue of about $300M. 
  • Last August, GitHub said its annualized run rate was $200M. Last fall, the company said it was on track to book over $100M a year from enterprise products alone. 
  • Microsoft shares are up 0.2% to $101.86     
  • Previously: Microsoft acquires GitHub for $7.5B (June 4)

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