Atlassian to acquire DX for $1B in cash, restricted stock

Atlassian (TEAM) announced it has entered into a definitive agreement to acquire DX. Under the definitive agreement, Atlassian will acquire DX for approximately $1B in cash and restricted stock, including DX’s cash balance, subject to customary adjustments. The transaction is expected to close in the second quarter of its fiscal year 2026, subject to customary closing conditions and required regulatory approvals. This transaction does not change Atlassian’s previously issued fiscal year 2027 non-GAAP operating margin target.