Posted June 06, 2018
amund: GitHub have had financial problems for years and the only way they were making money was from private repos and that hasn't really been working out. A lot of devs use self hosting for private stuff and GitHub for open source because that's where the users are. Also Microsoft have several open source projects and put a lot of work into open source, especially on GitHub for years. Microsoft stealing work is my least worries. Besides, Google have also been interested in buying GitHub and I would without a doubt prefer Microsoft over Google.
Microsoft have a lot to prove because of their history and there's been changes that has gained devs trust in them again. I will continue use GitHub, at least for now.
I personally know several companies which use private repos there. And another several of which it's hearsay. All those companies are rather small - for them GitHub is a cheap and reliable way to use git. Small companies are often the "motor of innovation", guys with great ideas. Microsoft have a lot to prove because of their history and there's been changes that has gained devs trust in them again. I will continue use GitHub, at least for now.
Why would MS pay 7.5 billion? That's no peanuts, even for a company like this.
Either GitHub is a lot more profitable than you think, or they're after something else. Remember they are held responsible by their shareholders - they must have a plan which justifies this kind of money.