Mike's Failed AGL Bid
Billionaire Co-Founder of Atlassian, Mike Cannon-Brookes, has failed in his bid to buy AGL - Australia's largest and oldest energy company.
![Mike's Failed AGL Bid](/content/images/size/w1200/2022/03/Screen-Shot-2022-03-07-at-7.21.50-pm.png)
Billionaire Co-Founder of Atlassian, Mike Cannon-Brookes has failed in his bid to buy AGL - Australia's largest and oldest energy company.
The AGL board just rejected a revised proposal saying it wasn't in the best interest of shareholders.
To understand this decision it’s important to find out more about AGL's history.