ZEN Stock Recent News

The SaaS company is being acquired for $10.2 billion.

Zendesk Inc (NYSE:ZEN) stock is soaring this morning, up 29.2% to trade at $74.88 at last glance, after news that a group of private equity firms including Permira and Hellman & Friedman, will acquire the company in a $10.2 billion deal that will take Zendesk private.

# Yahoo Finance Live anchors discuss the possible acquisition of Zendesk.

Markets push higher today and are on track for their first positive week this month.

Institutional investors are seeing some bottom-fishing opportunities.

Global investment firms Permira and Hellman & Friedman LLC agreed to takeover Zendesk, Inc (NYSE: ZEN) in an all-cash transaction that values Zendesk at $10.2 billion. The purchase price of $77.50 per share implies a premium of 34% over Zendesk's closing stock price of $57.

Zendesk had a difficult time over the last several months. It has been hounded by activist investors, Jana Partners.

The company will go private once the deal closes.

Shares of Zendesk Inc. ZEN, +1.29% soared 29.5% in premarket trading Friday, after the customer experience platform company confirmed a deal to be acquired by an investor group that includes Permira and Hellman & Friedman in an all-cash deal valued at about $10.2 billion. Under terms of the deal, the Permira and H&F will pay $77.50 for each Zendesk share outstanding, which represents a 33.7% premium to Thursday's closing price of $57.95.

Zendesk, Inc (NYSE: ZEN) has almost reached a deal with a group of buyout firms, including Hellman & Friedman LLC and Permira, the Wall Street Journal reports. Zendesk, with a market value of ~$7 billion, was likely to strike a settlement agreement with activist investor Jana.