Briefing

Zendesk Agrees to $9.2 Billion Buyout

By
Martin Peers
· · Source: The Information

Zendesk agreed to be acquired by a group of private equity firms led by Permira and Hellman & Friedman for $9.2 billion in cash, or $77.50 a share. The sale follows pressure from activist investor Jana Partners against Zendesk’s board over the past few months. But whether Jana will be happy with the sale deal is unclear. The offer price is at a big premium to the $57.95 closing price of...

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