Atlassian to Acquire Browser Company for $610M

By Bobby Samwell • Thursday, September 04 15:38 • Permanent Link

Atlassian Corporation, a leading provider of team collaboration and productivity software, has announced it will acquire the browser company of New York for approximately $610 million in cash, inclusive of the browser company’s cash balance. The transaction is expected to close in the second quarter of Atlassian's fiscal year 2026.

Atlassian, with over 300,000 customers, including over 80% of the Fortune 500, is looking to bring the browser company's technology to millions of new users. The acquisition is not expected to have a material impact on Atlassian’s financials in fiscal years 2026 and 2027.

This move is aimed at revolutionizing the way work gets done by developing an AI-powered browser optimized for the saas applications where knowledge workers spend their day. Atlassian sees an opportunity to transform the way work gets done by combining the browser company’s passion for building beloved browsers with its understanding of how knowledge workers operate.

The browser company, known for its innovative browsers Dia and Arc, has been striving to make online experiences more human, powerful, and futuristic since 2020.

The acquisition is expected to combine Atlassian's expertise in operationalizing AI at scale, with over 2.3 million monthly active users of AI capabilities across its platform, growing more than 50 percent quarter-over-quarter, with the browser company’s focus on building an AI browser for work that people genuinely love to use. Today the company's shares have moved -2.31% to a price of $166.74. If you want to know more, read the company's complete 8-K report here.

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