Zendesk drama concludes with $10.2 billion private equity acquisition
Zendesk has had a difficult time over the last several months.
It has been hounded by activist investors, Jana Partners. It turned down a $17 billion acquisition in February
Its investors turned down a deal to buy Survey Monkey’s parent company
Today, the drama concluded when Zendesk was acquired for $10.2 billion
by a consortium of private equity firms, well below that original offer.
Zendesk has been caught in the middle of it in a maelstrom of investor drama.
The deal is for $77.50 per share, a 34% premium over yesterday’s
priceaccording to a statement from the company, but still well below the $17 billion private equity offer in February.