GitHub Selling To Microsoft for 7.5 billion

Microsoft says it’s paying $7.5 billion US in stock for the popular coder hangout GitHub.

GitHub is a platform where software developers can go to host and review each other’s code.

The San Francisco startup was founded in 2008 and has grown sharply since announcing its first outside investment in 2012. It now counts about 27 million software developers around the world who use its platform to share code and build businesses.

It’s free to use GitHub for open-source projects, but some developers and businesses pay a monthly fee to access private code repositories and other services.

Microsoft said Monday it expects the deal to close by year-end.
http://edmontonbusiness.org/microsoft-paying-7-5b-us-for-github/

Twitter co-founder Ev Williams is selling 30 percent of his stock for ‘personal’ reasons – News

Twitter co-founder and current board member Ev Williams is going to offload some of his Twitter stock.

Williams, who was once Twitter’s CEO and is the company’s largest individual shareholder, said Thursday that he plans to sell a “minority of my TWTR” stock over the next year. A Twitter spokesperson said that he doesn’t plan to sell “more than 30 percent” of his holdings.

Williams was careful to say the sale was for “personal” reasons, not company performance reasons. Twitter’s stock is down more than 15 percent over the past three months.
Williams explained the sale in a blog post, and wrote that he has spent a lot of money investing through his venture fund, Obvious Ventures, and also donated a lot to charity and political campaigns over the past year. “I’d like to continue,” he added.

Williams sold about $4 million in stock this week, according to an SEC filing, and has set up a 10b5-1 trading plan.
https://www.recode.net/2017/4/6/15208314/twitter-ev-williams-founder-board-selling-stock