Zendesk Strikes $10.2 Billion Deal With Buyout Firms

Zendesk has agreed to be acquired by a group of buyout firms for $10.2 billion, resurrecting a deal that would be one of the biggest private-equity takeovers of the year.

The deal, with a group led by Hellman & Friedman LLC and Permira, values the software company at $77.50 a share, Zendesk said Friday. While that is a roughly 34% premium to Thursday’s closing price, it is down sharply from a roughly $17 billion bid from a similar group of buyout firms the company rejected in February.

Read more…

spot_imgspot_img

Latest news

Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here