The Latest Breaking News from Mike Cannon-Brookes

Mike Cannon-Brookes tweeted on Sunday that Grok Ventures and Brookfield were ‘putting our pens down’

The 42-year-old Atlassian co-founder has been making headlines trying to execute what he called the biggest decarbonisation project in the world.

Australian companies are being taken over like never before. On Saturday February 19 a consortium involving tech billionaire Mike Cannon-Brookes and Canadian asset manager Brookfield offered A$5 billion to buy AGL Energy.

Prime Minister Scott Morrison has flatly opposed the bid led by tech billionaire Mike Cannon-Brookes to buy Australia’s biggest energy company AGL and spend A$20 billion switching it to renewables. This includes closing its coal power stations by 2030. As Morrison stated this week:

Michael Cannon-Brookes has dug an AGL-sized pit in front of Scott Morrison, which the PM seems quite happy to step into over energy transition.

Bid by Mike Cannon-Brookes to take over AGL drew some strong words from the prime minister, but do his claims stack up?

Billionaire Mike Cannon-Brookes still wants to buy AGL Energy, but the competition watchdog is worried about the consortium holding wires, poles and generators.

The consortium being led by billionaire Mike Cannon-Brookes will face multiple regulatory hurdles to take over energy producer and retailer AGL, even if it can get the target company to agree to a deal.

Mike Cannon-Brookes believes backing renewable energy over old coal power plants will keep electricity prices down, create jobs and slash emissions – is he right?