Australian tech billionaire Mike Cannon-Brookes’ firm Grok Ventures said on Wednesday it settled an 11.28 percent stake purchase in AGL Energy worth A$650 million ($455.33 million) with J.P. Morgan.
Cannon-Brookes, the co-CEO of software firm Atlassian and a vocal climate activist, had gained the AGL stake earlier this month by converting a part of his derivatives-based holding in the company, having failed in a takeover attempt with Brookfield Asset Management.
