Investor Consortium to Acquire Zendesk for USD 10.2 Billion
Summary
An investor group will pay USD 10.2 billion to acquire Zendesk Inc., a provider of customer support and sales software. Hellman & Friedman, Permira, an entirely owned subsidiary of the Abu Dhabi Investment Authority, and Singapore’s GIC sovereign wealth fund are all members of the investment group purchasing the company. Zendesk is valued at USD 77.50 per share under the agreement, 34 percent higher than the stock’s closing price on Thursday. Zendesk founder and Chief Executive Officer Mikkel Svane said, “This is the start of a new chapter for Zendesk with partners that are aligned with the strength of our agile products and talented team, and are committed to providing the resources and expertise to continue our growth trajectory.” Check Out The New Enterprisetalk Podcast. For more such updates follow us on Google News Enterprisetalk News.
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