Zendesk agrees to be acquired by an investor group in an all-cash deal valuing the company at ~$10.2B and will go private once the deal closes; stock is up 25%+
Lauren Feiner / CNBC :
CNBC Lauren Feiner
Related Coverage
- Zendesk to Be Acquired by Investor Group Led by Hellman & Friedman and Permira for $10.2 Billion Business Wire
- Zendesk drama concludes with $10.2 billion private equity acquisition TechCrunch
- Zendesk to be acquired by investor group in $10.2bn deal Silicon Republic
- Jana Partners Pulls Zendesk Proxy Fight After $9.5 Billion Deal Bloomberg
- Blackstone-Led Group Provides $5 Billion of Debt for Zendesk Bloomberg
- Zendesk to be acquired for $10.2B by investor consortium SiliconANGLE
- Zendesk Goes Private In $10.2B Deal Months After Turning Down Larger Offer Crunchbase News
- Zendesk's final selling price is a warning shot for unicorns TechCrunch
- Investors to take Zendesk private in $10 billion deal San Francisco Business Journal
- Zendesk agrees to go private for $10.2 billion Axios
- Weekly Links & Thoughts: seeking disruption
Discussion
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@mikkelsvane
Mikkel Svane
on x
Today we announced that we're taking @zendesk private with help from Hellman & Friedman and Permira. We have big ambitions and are thankful to our teams, friends, partners and customers for believing in this next chapter. Full details here: https://zdsk.co/...
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@julianklymochko
@julianklymochko
on x
Despite the recession and bear market, a massive $10.2 billion leveraged buyout was just announced There's gloom and doom from prognosticators but the data prove otherwise The bottom line is PE groups manufacture a product (LBOs) & need activity https://www.businesswire.com/ ... …
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@chrija
Christoph Janz
on x
1/ Bittersweet news from Zendesk today. https://investor.zendesk.com/ ... I've been a Zendesk shareholder for 14 years - about 50% of my adult life. Looks like this chapter is coming to an end for me. 😭