$31 billion Atlassian just revamped its M&A term sheet to take on more risk in the acquisition process and make it less stressful for founders to sell their companies

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

The developer software company Atlassian spent $1 billion on acquisitions. Now the company is trying a new way to make big tech deals.

On Monday, Atlassian made an unprecedented move to, giving potential acquisitions — and everybody else — a deep look into exactly what they're getting themselves into when they enter in to the deal-making process.

"They're coming into this process super excited that they're going to sell the company, but it becomes very arduous for them mentally and emotionally," Hect said.Investors used to balk at startups for software developers — but after Microsoft bought GitHub for $7.5 billion, they're all in For one, Hect and Kennedy wanted to close the risk gap, which their analysis found protects acquirers beyond what is necessary.

Escrow terms mean that part of the proceeds of the sale are held by a third party until both parties agree that the sale is satisfactory, almost like a security deposit.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Going public makes $12 billion CrowdStrike an anomaly in crowded cybersecurity space where M&A is the norm. Here's why.Cisco and Palo Alto Networks have their eyes on startups in the cybersecurity space, but even they wouldn't pay for CrowdStrike ahead of its mega IPO.
Source: BusinessInsider - 🏆 729. / 51 Read more »