Zendesk goes private in $10 billion deal

FILE PHOTO Zendesk logo is seen in this illustration taken June 27 2022. REUTERSDado RuvicIllustrationFile Photo

FILE PHOTO: Zendesk logo is seen in this illustration taken June 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Software company Zendesk Inc on Tuesday completed its sale to a group of private equity firms led by Hellman & Friedman and Permira in a deal valued at $10.2 billion after prolonged pressure from activist investor Jana Partners.

As part of the deal, Zendesk shareholders received $77.50 per share in cash.

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