Zendesk to be acquired by investor group for $10.2 billion

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Zendesk co-founder and CEO Mikkel Svane
Eric Piermont | AFP | Getty Images

Customer experience software company Zendesk agreed to be acquired by an investor group in an all-cash transaction valuing it around $10.2 billion, the company announced on Friday.

The deal, led by investment firms Permira and Hellman & Friedman, will give shareholders $77.50 per share, a premium of about 34% over the company’s closing stock price on Thursday, according to the release.

Shares were up about 30% during premarket trading.

The investment firms plan to take Zendesk private once the deal closes. Also included in the investor group is a wholly-owned subsidiary of the Abu Dhabi Investment Authority and GIC.

Zendesk’s board unanimously approved the deal, which it expects to close in the fourth quarter of this year.

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