Zendesk agreed to be acquired by a group of companies for $10.2 billion, reviving what could be one of the biggest private equity takeovers of the year.
Zendesk said the deal, with a group led by Hellman & Friedman LLC and Permira, values the software company at $77.50 per share. While that’s a premium of about 34% from Thursday’s closing price, it’s a sharp drop from the roughly $17 billion bid from a group of similar buyouts the company turned down. in February.
https://www.wsj.com/articles/zendesk-strikes-10-2-billion-deal-with-buyout-firms-11656076164?mod=rss_markets_main Zendesk Strikes $10.2 Billion Deal With Buyout Firms