Atlassian to Acquire Browser Company for $610 Million
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Summary
Atlassian has agreed to acquire The Browser Co., the developer of Arc browser with AI features, for $610 million in cash. The deal is expected to close in Atlassian's fiscal second quarter ending December. The Browser Co., founded in 2019, competes with major browsers like Google Chrome and Apple Safari with its customizable Arc browser featuring built-in whiteboard and tab sharing capabilities. Other companies including OpenAI and Perplexity had reportedly considered acquiring the startup.
Key quotes
· 5 pulledAtlassian said it has agreed to acquire The Browser Co., a startup that offers a web browser with artificial intelligence features, for $610 million in cash.
The companies aim to close the deal in Atlassian's fiscal second quarter, which ends in December.
Established in 2019, The Browser Co. has gone up against some of the world's largest companies, including Google, with Chrome, and Apple, which includes Safari on its computers running MacOS.
The startup debuted Arc, a customizable browser with a built-in whiteboard and the ability to share groups of tabs, in 2022.
OpenAI and Perplexity both reportedly looked at acquiring the startup.
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