Omers Ventures, the venture capital arm of the Canadian pension plan, is pulling out of Europe, marking a prominent global departure from the continent as EU technology investing dwindles. The venture unit had set up a $332 million fund in 2019 to focus on European startups. A spokesperson for the Ontario Municipal Employees Retirement System confirmed the plans to exit the region, noting that its team had decided to focus on North America. “Decisions to say goodbye to valued colleagues and...

For Microsoft Corp., acquiring GitHub Inc. would be both a return to the company’s earliest roots and a sharp turnaround from where it was a decade ago. The software maker has agreed to acquire GitHub, the code-repository company popular with many software developers, and could announce the deal as soon as Monday, according to people familiar with the matter. Microsoft’s origin story lies in the market for software-development tools. Decades before former Chief Executive Officer Steve Ballmer...