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

RTTNews | 619 วันที่ผ่านมา
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.

แท็ก : TEAM
read more
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 | 53 นาทีที่ผ่านมา
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 | 1 ชม. 15 นาทีที่ผ่านมา
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 | 1 ชม. 47 นาทีที่ผ่านมา
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 | 2 ชม. 23 นาทีที่ผ่านมา
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 | 2 ชม. 27 นาทีที่ผ่านมา
Indonesia Stock Market May Be Stuck In Neutral On Monday

Indonesia Stock Market May Be Stuck In Neutral On Monday

The Indonesia stock market has tracked lower in three straight sessions, slumping almost 250 points or 3.1 percent in that span. The Jakarta Composite Index now sits just above the 6,900-point plateau and it may continue to spin its wheels on Monday.
RTTNews | 2 ชม. 57 นาทีที่ผ่านมา
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is notably lower 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 below the 8,450.00 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 3 ชม. 11 นาทีที่ผ่านมา
Renewed Selling Pressure Expected For Hong Kong Shares

Renewed Selling Pressure Expected For Hong Kong Shares

The Hong Kong stock market on Friday wrote a finish to the three-day losing streak in which it had given up more than 820 points or 3.4 percent along the way. The Hang Seng Index now sits just above the 23,530-point plateau, although it's likely to turn lower again on Monday.
RTTNews | 3 ชม. 12 นาทีที่ผ่านมา