Zendesk drama ends with $10.2 billion private equity acquisition

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Zendesk The last few months have been tough. It was pursued by activist investors, Yana Partners. He refused $17 billion acquisition in February, considering it’s worth more. His investors backed out of the deal buy Survey Monkey’s parent company Momentive in the same month.

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The drama came to an end today when Zendesk was acquired by a consortium of private equity firms for $10.2 billion, well below the original offer.

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But the SaaS market has changed a lot in the past few months, and Zendesk has found itself in the middle of this maelstrom of investor drama. The company concluded earlier this month that it would remain independent. caused the share price to fall.

It has now been sold to a group of investors led by Permira and Hellman & Friedman. This morning, Zendesk shares are stuck at 57.95/share with a market capitalization of $7.1 billion. The deal is priced at $77.50 per share, up 34% from yesterday’s price, according to the company, but still well below the February private equity offer of $17 billion.

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Not all. This is a breakthrough story.


Credit: techcrunch.com /

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