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GitLab is reportedly up for sale
(www.developer-tech.com)
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A company might want to extend it's service offering with a build pipeline/CICD system, and buying GitLab would get them the best-in-class service.
Microsoft bought GitHub for much of the same reasons, and GitHub didn't went to hell after the acquisition.
https://docs.github.com/en/site-policy/privacy-policies/github-general-privacy-statement#private-repositories-github-access
? Nothing about such private repo access listed there.