Analysis: Atlassian's $610M Browser Company Acquisition Represents Minimum Valuation
By
meshugaas
Right out the toaster. Reliable, with some real depth.
Summary
The article analyzes Atlassian's $610 million acquisition of Browser Company, arguing this price represents the bare minimum valuation that gives previous investors their money back without losses. The author suggests this low valuation indicates the market sees no future value in Browser Company's vision for browsers, which is characterized as mere buzzwords. For Atlassian, the acquisition represents only 20% of their $3 billion cash reserves and will be quickly recovered given their $1.2 billion quarterly profit.
Key quotes
· 5 pulledthis is basically giving the previous investors their money back
bare minimum price they could sell for without somebody taking a loss
the market sees no future value, josh's 'vision' for browsers couldn't get better than buzzwords
they have $3b cash, so this is 20% of their piggy bank
with $1.2b q3 profit, they'll make it all back before you even start carving a pumpkin this year
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