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Tech & Science Microsoft to buy coding site GitHub for $7.5 billion

17:30  04 june  2018
17:30  04 june  2018 Source:   reuters.com

Google awarded this teenager $36,000 for finding a security flaw

  Google awarded this teenager $36,000 for finding a security flaw It marks Pereira’s fifth accepted bug, but it's by far his most lucrative.Pereira got his first computer when he was 10, took an initial programming class when he was 11 and then spent years teaching himself different coding languages and techniques. In 2016, Google flew him to its California headquarters after he won a coding contest.

a close up of a sign: A Microsoft logo is seen a day after Microsoft Corp's (MSFT.O) $26.2 billion purchase of LinkedIn Corp (LNKD.N), in Los Angeles © REUTERS/Lucy Nicholson A Microsoft logo is seen a day after Microsoft Corp's (MSFT.O) $26.2 billion purchase of LinkedIn Corp (LNKD.N), in Los Angeles Microsoft Corp said on Monday it would buy privately held coding website GitHub Inc for $7.5 billion in an all-stock deal to expand its clout among software developers.

GitHub supplies coding tools for developers and calls itself the world's largest code host with more than 28 million developers using its platform.

"Microsoft is a developer-first company, and by joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation," said Microsoft Chief Executive Officer Satya Nadella said in a statement.

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Microsoft's Nat Friedman will take over as the Chief Executive of San Francisco-headquartered GitHub, whose current CEO Chris Wanstrath will become a Microsoft technical fellow.

Microsoft last year shut down CodePlex, its own rival for GitHub, saying the latter was the dominant location for open source sharing and that most such projects had already migrated there.

On an adjusted basis, Microsoft expects the deal to add to its operating income in fiscal 2020 and reduce earnings per share by less than 1 percent in 2019 and 2020.

The transaction is expected to close by the end of the calendar year.

(Reporting by Vibhuti Sharma and Supantha Mukherjee in Bengaluru; Editing by Arun Koyyur)

Cryptocurrencies Lose $42 Billion After South Korean Bourse Hack .
The 2018 selloff in cryptocurrencies deepened, wiping out $42 billion of market value over the weekend and extending this year’s slump in Bitcoin to more than 50 percent. Some observers pinned the retreat on an exchange hack in South Korea, while others pointed to lingering concerns over a clampdown on trading platforms in China. Cryptocurrency venues have come under growing scrutiny around the world in recent months amid a range of issues including thefts, market manipulation and money laundering.Bitcoin has dropped 12 percent since 5 p.m. New York time on Friday and was trading at $6,765.54 as of 2:49 p.m.

Source: http://uk.pressfrom.com/news/tech-science/-261880-microsoft-to-buy-coding-site-github-for-7-5-billion/

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