Zendesk Strikes $10.2 Billion Deal With Buyout Firms


Zendesk has agreed to be acquired by a bunch of buyout companies for $10.2 billion, resurrecting a deal that may be one of many greatest private-equity takeovers of the yr.

The deal, with a bunch led by Hellman & Friedman LLC and Permira, values the software program firm at $77.50 a share, Zendesk stated Friday. Whereas that could be a roughly 34% premium to Thursday’s closing worth, it’s down sharply from a roughly $17 billion bid from the same group of buyout companies the corporate rejected in February.


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