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Here's the biggest news of the week—Microsoft has reportedly acquired GitHub for $7.5 billion.

For those unaware, GitHub is a popular code repository hosting service that allows developers to host their projects, documentation, and code in the cloud using the popular Git source management system, invented in 2005 by Linux founder Linus Torvalds.

GitHub is used by many developers and big tech companies including Apple, Amazon, Google, Facebook, and IBM to store their corporate code and privately collaborate on software, but Microsoft is one of the top contributors to the web-hosting service.

Microsoft has uploaded several of its most important projects, including PowerShell, the .NET framework, and the Microsoft Edge JavaScript engine, to the website under open source licenses. Microsoft also partnered with Canonical to bring Ubuntu to Windows 10.

Citing sources familiar with the matter, Bloomberg reports that GitHub opted to sell to Microsoft in part because it was impressed with the performance and leadership of Microsoft's CEO Satya Nadella, who has pushed the company to embrace open source technology.

In a blog post published today, Microsoft has confirmed that will acquire GitHub for $7.5 billion in Microsoft stock, and the deal is expected to close by the end of 2018.

"GitHub will retain its developer-first ethos and will operate independently to provide an open platform for all developers in all industries. Developers will continue to be able to use the programming languages, tools and operating systems of their choice for their projects — and will still be able to deploy their code to any operating system, any cloud and any device."

"Microsoft Corporate Vice President Nat Friedman, founder of Xamarin and an open source veteran, will assume the role of GitHub CEO. GitHub's current CEO, Chris Wanstrath, will become a Microsoft technical fellow, reporting to Executive Vice President Scott Guthrie, to work on strategic software initiatives."

GitHub was last valued at $2 billion in 2015.

However, the decision has brought fear among some developers at open source community, with some Twitter users proclaiming the death of GitHub and open source software, and many considering to switch to rival services such as BitBucket or GitLab.

The concern is completely rational and understandable. Despite the company's lack of a CEO and money woes, Github holds a privileged position in the software development ecosystem and plays a critical role.

GitHub is, no doubt, a hub of the open source world, with 80 million code repositories hosted on the site as of March 2018. Microsoft, on the other hand, has once opposed to such open-source software development, with its ex-CEO Steve Ballmer describing Linux as "cancer."

However, Nadella moved the company away from complete dependence on its Windows OS to more in-house development on Linux. Microsoft even brought Linux to Windows, via the Windows Subsystem for Linux.

Microsoft's largest acquisition to date was LinkedIn, the job-oriented professional social network it acquired in 2015 for $26 billion, and many people are now concerned that the massive investment in LinkedIn will start to pay off for Microsoft.

With both LinkedIn and GitHub, Microsoft is in a position to expand and strengthen LinkedIn. Also, the acquisition will give Microsoft access to a wealth of data and millions of software developers.

What do you think of the GitHub acquisition deal? Will you continue using it? Let us know in the comments below.

Microsoft has announced to shut down CodePlex -- its website for hosting repositories of open-source software projects -- on December 15, 2017.

Launched in 2006, CodePlex was one of the Microsoft's biggest steps towards the world of open source community -- where any programmer, anywhere can share the code for their software or download and tweak the code to their liking.

However, Microsoft says that the service has dramatically fallen in usage and that fewer than 350 projects seeing a source code commit over the last 30 days, pointing to GitHub as the "de-facto place for open source sharing."

GitHub – 'Facebook for Programmers'

In a blog post published Friday, Microsoft Corporate VP Brian Harry wrote that the shutdown of CodePlex is because the open source community has almost entirely moved over to GitHub, which provides similar functionality for sharing code that people can collaborate on.

"Over the years, we have seen a lot of amazing options come and go but at this point, GitHub is the de-facto place for open source sharing, and most open source projects have migrated there," says Harry.

According to the company, Github has become the "Facebook for programmers," so "it's time to say goodbye to CodePlex."

For now, Microsoft has disabled the ability to create new projects on CodePlex, and in October the site will be turned into a read-only archive.

The complete shutdown comes on December 15 this year, at which point the CodePlex website will be archived indefinitely.

"You will also be able to download an archive file with your project contents, all in common, transferable formats like Markdown and JSON," Harry writes.

"Where possible, we will put in place redirects so that existing URLs work, or at least redirect you to the project's new homepage on the archive. And, the archive will respect your "I've moved" setting, if you used it, to direct users to the current home of your project."

Migrate your Code and Related Projects to GitHub

Harry also points out that many of Microsoft's open source software projects have already found their way to GitHub and the company is actively recommending people to do so.

The company is itself using GitHub to host open-source software projects such as PowerShell, .NET and its Chakra JavaScript engine.

Microsoft is making the process of migration easier for its users. Microsoft has teamed up with GitHub to create a "streamlined" migration tool to help developers shift their code and related content over to GitHub.

Since a release date of the migration tool is not yet known, users can check out the guide on CodePlex for any help with migrating to GitHub.