Microsoft made $1.3 billion in cash payments in GitHub deal

Technology

A Microsoft sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 5, 2018. REUTERS/Aly Song

(Reuters) – Microsoft Corp (MSFT.O) said in a filing late Thursday that it had made $1.3 billion in cash payments in connection to its acquisition of coding hosting startup GitHub.

Microsoft acquired the company, which developers use to keep track of software code changes as they write applications, in June in a $7.5 billion deal that was described at the time as an all-stock transaction.

But in Nov. 8 filing, Microsoft said the $7.5 billion figure was “inclusive of cash payments of $1.3 billion in respect of vested GitHub equity awards and an indemnity escrow.” and that the deal closed on Oct. 25.

Microsoft did not immediately respond to a request for comment.

Reporting by Stephen Nellis

Products You May Like

Articles You May Like

Calls for open trade to greet Pence as Trump skips Asia summit
Northern Irish kingmakers tell PM May: Don’t betray United Kingdom
Melbourne knife attacker inspired by Islamic State, police say
Four UK ministers on verge of quitting, EU rejects latest plan: Sunday Times
‘King dollar’ benefits from European risks, growth fears

Leave a Reply

Your email address will not be published. Required fields are marked *