Fenwick Represents DX in Definitive Agreement to Be Acquired by Atlassian for $1B

Fenwick is representing DX, a leader in engineering intelligence, in its acquisition by Atlassian Corporation (Nasdaq: TEAM), a provider of team collaboration and productivity software.

Together, Atlassian and DX will empower enterprises to understand how their AI investments are helping engineering teams accelerate and improve their work. Under the definitive agreement, Atlassian will acquire DX for approximately $1 billion 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. More information can be obtained from the news announcement.

The Fenwick transaction team includes corporate partners Kris Withrow, Steven Levine and Stephen Fisher and associates Zachary Portnoy, Kathleen Larkin and Steve Krafcik; technology transactions partner David Hayes, associates Aaron Dunn, Rob Ferrari, Kristen Freitas and Taylor Muentener and advisor Sandra Weustink; executive compensation and employee benefits partner Gerald Audant and associates Christophe Delrieu, Cynthia Yuan, Melita Chan and Nathan Pope; privacy and cybersecurity partner Ana Razmazma and associate Kayla Tanaka; trade and national security partner Melissa Duffy and associates Brooklynn Moore and Jake Medvitz; antitrust and competition partner Tom Ensign, counsel Meredith Mommers and associate Susan Lee; and tax partner William Skinner and associate Kris Hatch.