Atlassian’s public term sheet - What should you take from it?

Atlassian, a highly acquisitive tech business based in Australia, has caused a few ripples in the M&A world by making public its proprietary term sheet, something that is usually kept highly confidential. The decision makers at Atlassian feel they are doing the right thing for a number of reasons and their intention is to make M&A a fairer and more efficient process as a result. Onlookers have largely cautiously welcomed the move, although there is still plenty of skepticism about Atlassian’s motives and the content of the term sheet itself, with some asking, are their terms even really that fair?

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