Saturday, November 26, 2022

Investor Consortium to Acquire Zendesk for USD 10.2 Billion 

By ET Bureau - June 27, 2022 1 mins read

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.” 

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ET Bureau

The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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