Atlassian Acquires Loom for $1 Billion to Enhance Team Collaboration

Atlassian, the tech company, has acquired Loom, an 'asynchronous video' outfit, for almost $1 billion. Loom's expertise in team collaboration through asynchronous video will be integrated into Atlassian's offerings. This acquisition is expected to strengthen Atlassian's position in the market and provide enhanced collaboration capabilities to its users. The deal has garnered positive reactions from industry experts, who are excited about the future of asynchronous video in team collaboration.