Zendesk Strikes $10.2 Billion Deal With Buyout Firms

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Zendesk has agreed to be acquired by a gaggle 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 gaggle led by Hellman & Friedman LLC and Permira, values the software program firm at $77.50 a share, Zendesk mentioned Friday. Whereas that could be a roughly 34% premium to Thursday’s closing value, it’s down sharply from a roughly $17 billion bid from an identical group of buyout companies the corporate rejected in February.

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