Zendesk closes $10.2 billion deal with buyout firms

Zendesk has agreed to be acquired by a group of buyout firms for $10.2 billion, reviving a deal that would mark one of the largest private equity buyouts of the year.

The deal, with a group led by Hellman & Friedman LLC and Permira, values ​​the software company at $77.50 per share, Zendesk said Friday. While that’s a premium of about 34% to Thursday’s close, it’s a sharp drop from an offer of about $17 billion from a similar group of buyout firms that the company rejected in February.

https://www.wsj.com/articles/zendesk-strikes-10-2-billion-deal-with-buyout-firms-11656076164?mod=pls_whats_news_us_business_f Zendesk closes $10.2 billion deal with buyout firms

Luke Plunkett

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