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.