Microsoft has announced that it is to acquire the code sharing site Github.

San Francisco based Github is an online platform that allows coders to collaborate with each other on their work.

Microsoft will be paying £5.6bn for the company – which will continue to operate independently. The deal is due to be completed by the end of the year.

In a statement, the chief executive of Microsoft, Satya Nadella, said ‘We recognise 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 challenge’.

Github is currently used by more than 28 million developers, who in turn represent more than 1.2 million organisations across a range of industries.

The business will be led by Nat Friedman, the founder of Xamarin – a mobile software development service acquired by Microsoft in 2016. Github’s current chief executive, Chris Wanstrath, will move elsewhere in its corporation to work on strategic software initiatives. (5th June 2018)