Microsoft has confirmed reports that it is acquiring software development platform GitHub. The firm is paying $7.5B in stock …

The company says that it is today ‘all-in on open source’ and promises to maintain open access.

More than 28 million developers already collaborate on GitHub, and it is home to more than 85 million code repositories used by people in nearly every country. From the largest corporations to the smallest startups, GitHub is the destination for developers to learn, share and work together to create software. It’s a destination for Microsoft too. We are the most active organization on GitHub, with more than 2 million “commits,” or updates, made to projects.

Not everyone is convinced, however. TNW reports many developers jumped ship ahead of the official confirmation.

We are committed to being stewards of the GitHub community, which will retain its developer-first ethos, operate independently and remain an open platform. We will always listen to developer feedback and invest in both fundamentals and new capabilities.

With GitLab confirming.

GitHub was where the iOS iBoot source code was recently leaked, Apple downplaying the significance but seemingly confirming the authenticity.

We’re seeing 10x the normal daily amount of repositories #movingtogitlab https://t.co/7AWH7BmMvM We’re scaling our fleet to try to stay up. Follow the progress on https://t.co/hN0ce379SC and @movingtogitlab

— GitLab (@gitlab) June 3, 2018

Microsoft says that it expects to complete the acquisition by the end of the year.