Zendesk Strikes $10.2 Billion Deal With Buyout Firms
Zendesk Strikes $10.2 Billion Deal With Buyout Firms #Zendesk #Strikes #Billion #Deal #Buyout #Firms Welcome to Lopoid
Zendesk Inc. headquarters in San Francisco.
Photo:
David Paul Morris/Bloomberg News
Zendesk Inc.
ZEN 27.71%
has closed a $10.2 billion all-cash acquisition deal with a group of buyout firms led by Hellman & Friedman LLC and Permira.
Under the terms of the agreement, Zendesk stockholders will receive $77.50 a share, a roughly 34% premium to Thursday’s closing price of $57.95.
The Wall Street Journal reported Thursday that the software company was closing in on what would be one of the biggest private-equity takeovers of the year.
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