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.
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