Category Archives: Mike Cannon-Brookes

Billionaire climate activist Mike Cannon-Brookes and wife Annie to separate

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The couple pledged in 2021 to spend $1.5bn of their approximately $25bn personal fortune on projects to tackle the climate crisis

Software billionaire and high-profile climate change activist Mike Cannon-Brookes, the founder of Australian company Atlassian, is separating from his wife, Annie.

Cannon-Brookes married the American fashion designer Annie Todd in January 2010 and the pair have four children together.

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Mike Cannon-Brookes wins control of Sun Cable solar project from Andrew Forrest

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Entrepreneur says plan to send renewable energy to Singapore from Northern Territory a ‘nation-building project for Australia’

Mike Cannon-Brookes has prevailed over Andrew Forrest in a billionaires’ battle for control of Sun Cable, an ambitious development promising to transmit solar-generated electricity from the Northern Territory outback to Singapore.

Cannon-Brookes and Forrest had been involved in a bidding process for the $30bn-plus project after they fell out over its future direction and the company, also called Sun Cable, went into voluntary administration.

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Giant solar farm project in doubt after disagreement between Mike Cannon-Brookes and Andrew Forrest

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Australian billionaires had backed $30bn Sun Cable venture designed to help power Darwin, Indonesia and Singapore but the company has gone into voluntary administration

Australian billionaires Mike Cannon-Brookes and Andrew Forrest have fallen out over plans to build a giant solar farm in the Northern Territory to supply Darwin, Indonesia and Singapore with power, with the venture entering voluntary administration.

Grok, the family investment arm of Cannon-Brookes, and the appointed administrators said in separate statements the company driving the project, Sun Cable, would continue to operate and seek new financial support.

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AGL’s coal implosion shows what a disorderly transition to clean energy looks like

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What happens from here is unclear, but the company’s turmoil can’t be divorced from the Coalition’s policy failures

The spectacular implosion at AGL Energy, Australia’s biggest corporate greenhouse gas polluter, has been years in the making and should have ramifications across Australia’s political and business classes.

The short story is that this is what a disorderly transition to a clean economy looks like – the kind that we have long been warned will happen if governments don’t plan for the future.

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AGL reveals demerger would cost $260m as Mike Cannon-Brookes tries to block plan

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Atlassian cofounder says released details prove the split would be a ‘terrible outcome’ for energy giant’s shareholders

The planned split of AGL Energy that billionaire Mike Cannon-Brookes is trying to foil will cost $260m upfront and $35m in extra costs per year for the demerged entities, documents from the energy giant show.

In separate releases to the ASX on Friday afternoon, AGL laid out its details of the demerger ahead of a 15 June vote by shareholders. As the biggest shareholder following his purchase of a 11.3% holding, Cannon-Brookes can block the move with the support of another 13.7% of share owners.

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Mike Cannon-Brookes buys up AGL shares in bid to block energy giant’s demerger

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AGL says it’s determined to go ahead with the merger despite the purchase, which has made Cannon-Brookes the company’s largest single shareholder

AGL Energy, Australia’s biggest electricity generator, says it remains determined to pursue its plan to split despite a bid for a blocking stake by technology billionaire Mike Cannon-Brookes.

In a second tilt at the company in three months, Cannon-Brookes bought 11.28% of the AGL shares through his family’s Grok Ventures firm, making him the largest single shareholder.

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Why is Mike Cannon-Brookes trying to buy Australia’s dirtiest energy company? – video explainer

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Last week tech billionaire Mike Cannon-Brookes and Canadian asset management company Brookfield launched their extraordinary takeover bid for energy generator and retailer AGL. AGL is Australia's largest energy provider as well as largest polluter. Guardian Australia's environment editor Adam Morton breaks down the elements in the proposal and explains the strategy behind the consortium's offer


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