$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 (TEAM)
|06/18/2019||Posted by BusinessMediaguide.Com under General World News||
- Atlassian, the developer software company, just revamped its term sheet for mergers and acquisitions to take on more risk and reduce “antagonism” between buyer and buyee.
- Chris Hect, the head of corporate development at Atlassian, said he hopes the new term sheet will align Atlassian’s M&A process more deeply with the company’s value of transparency, and reduce some of the emotional stress that founders face when they sell their companies.
- Among the changes, Atlassian has taken on more financial risk than it previously had, which takes some of that risk away from startup founders.
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