Zendesk to be acquired by investor group for $10.2 billion

Zendesk to be acquired by investor group for .2 billion

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 at around $10.2 billion, the company announced 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 Thursday, according to the release.

Shares were up about 30% during premarket trading Friday.

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, the company said.

Subscribe to CNBC on YouTube.

WATCH: Zendesk receives takeover interest from private equity, according to report

Source

Technology

Arm CEO says moving some AI workloads from the cloud will make it more sustainable

October 15, 2025

Arm Holdings CEO Rene Haas told CNBC’s Jim Cramer on Wednesday that moving some AI functions away from the could help reduce energy usage. Over time, he suggested, a large number of multi-gigawatt data centers won’t be sustainable. “You look to yourself, well, what are the kind of things that need to happen? I think […]

Technology

Salesforce stock jumps after company offers rosy forecast for 2030

October 15, 2025

Marc Benioff, chief executive officer of Salesforce Inc., speaks during the 2025 Dreamforce conference in San Francisco, California, US, on Tuesday, Oct. 14, 2025. Michael Short | Bloomberg | Getty Images Salesforce shares moved up as much as 5% in extended trading after the business software maker issued new financial targets for the next few […]

Technology

Sam Altman says OpenAI isn’t ‘moral police of the world’ after erotica ChatGPT post blows up

October 15, 2025

Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI CEO Sam Altman said Wednesday that the company is “not the elected moral police of the world” after receiving backlash […]