Atlassian To Acquire Video Messaging Platform Loom For Approx. $975 Mln In Cash, Stock

RTTNews | 619 दिनों पहले
Stocktwits
Atlassian To Acquire Video Messaging Platform Loom For Approx. $975 Mln In Cash, Stock

(RTTNews) - Productivity software firm Atlassian Corp. (TEAM) announced Thursday it has entered into a definitive agreement to acquire video messaging platform Loom for approximately $975 million, inclusive of Loom's cash balance, subject to customary adjustments.

The total consideration will be comprised of approximately $880 million in cash, and the remainder in Atlassian equity awards, subject to continued vesting provisions.

For Loom customers, the acquisition will bring the benefit of Atlassian's platform and portfolio of products, allowing users to plug async video directly into key workflows in Jira and systems of record in Confluence.

Atlassian expects to fund the cash consideration through existing cash balances and the transaction is not expected to have an impact on the company's share repurchase strategy.

The transaction is expected to close in the third quarter of Atlassian's fiscal year 2024, subject to customary closing conditions and required regulatory approval.

The acquisition is expected to be slightly dilutive to adjusted operating margins in fiscal years 2024 and 2025.

टैग: TEAM
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European Economic News Preview: Eurozone Flash Composite PMI Data

European Economic News Preview: Eurozone Flash Composite PMI Data

Flash composite Purchasing Managers' survey results from euro area and the UK are the top economic news due on Monday. At 3.15 am ET, S&P Global publishes France's flash PMI survey data. The manufacturing PMI is forecast to remain unchanged at 49.8 in June. The services PMI is seen at 49.2, up from 48.9 in the previous month.
RTTNews | 1घंटे 0 मिनट पहले
European Shares Set To Drift Lower After US Strikes In Iran

European Shares Set To Drift Lower After US Strikes In Iran

European stocks may open lower on Monday after the United States attacked three Iranian nuclear facilities over the weekend and Iran vowed retaliation, saying it "reserves all options."
RTTNews | 1घंटे 8 मिनट पहले
Sensex, Nifty Tumble As Geopolitical Tensions Weigh

Sensex, Nifty Tumble As Geopolitical Tensions Weigh

Indian shares were sharply lower in early trade on Monday after the U.S. bombed thee nuclear sites in Iran, raising fears of a broader regional conflict.
RTTNews | 1घंटे 59 मिनट पहले
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Monday, extending the losses in the previous four sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 8,500.00 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 3घंटे 6 मिनट पहले
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Monday, following the mixed cues from Wall Street on Friday, amid escalation in the middle-east conflict after the U.S. joined Israel in the weeks-long war with Iran, with US carrying out a "successful" airstrike on three nuclear sites in Iran over the weekend. This has heightened fears of a broader regional conflict.
RTTNews | 3घंटे 28 मिनट पहले
Sensex, Nifty Seen Lower As US Enters Israel-Iran War

Sensex, Nifty Seen Lower As US Enters Israel-Iran War

Indian shares look set to open on a sluggish note Monday, tracking weak cues from Asian markets and a spike in oil prices after the United States carried out a "very successful attack" on three nuclear sites in Iran and the latter vowed retaliation, saying it "reserves all options."
RTTNews | 4घंटे 0 मिनट पहले
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Monday, extending the losses in the previous two sessions, following the mixed cues from Wall Street on Friday, with the Nikkei 225 falling to near the 38,000 mark, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 4घंटे 36 मिनट पहले
Oversold Thai Stock Market Called Lower Again On Monday

Oversold Thai Stock Market Called Lower Again On Monday

The Thai stock market has finished lower in seven straight sessions, slumping more than 75 points or 6.5 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,070-point plateau and it's likely to open to the downside again on Monday.
RTTNews | 4घंटे 40 मिनट पहले
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उच्च जोखिम चेतावनी: फॉरन एक्सचेंज ट्रेडिंग में उच्च स्तर का खतरा होता है जो हर निवेशकों के लिए सही नहीं हो सकता. लीवरेज अधिकतम खातर और हानि के अनावरण को उत्पन्न करता है. इससे पहले कि आप निर्णय लें फॉरन एक्सचेंज में ट्रेड करने का, ध्यान अपने निवेश के उद्देश्यों, अनुभव स्तर, और खतरा उठाने की सहिष्णुता पर विचार करें. आप कुछ या अपनी प्रारंभिक निवेश को खो सकते हैं. बिल्कुल भी उस पैसे को निवेश ना करें जो आप खोने को बर्दाश्त नहीं कर सकते. अपने आप को शिक्षित करें उन खतरों से जो फॉरन एक्सचेंज ट्रेडिंग से संबंधित हैं, और सलाह लें किसी स्वतंत्र आर्थिक या कर सलाहकार से अगर आपके पास कोई भी प्रश्न हैं तो. कोई भी डाटा या जानकारों जो दी जाती है वे केवल सूचनात्मक उद्देश्यों के लिए है, और यब ट्रेडिंग आशय या सलाह पर नियत नहीं है. पिछले निष्पादन भविष्य के परिणामों के लिए परियाचक नहीं हैं.