Atlassian's $1 Billion Acquisition of Loom Boosts Team Collaboration
Atlassian has announced its acquisition of video messaging platform Loom for approximately $975 million, aiming to enhance its team collaboration tools and meet the growing demand for hybrid work. By integrating Loom's technology into Atlassian software, users will be able to incorporate video into their workflows. The deal, expected to close in March 2024, will be funded with existing cash balances and is projected to dilute operating margins in fiscal years 2024 and 2025.

