Subscription management firm Zuora agrees to be acquired for $1.7B
Zuora, a company selling subscription management software for businesses, has agreed to be acquired by private equity firms Silver Lake and GIC.
Silver Lake and GIC to acquire Zuora for $1.7bn
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Zuora to be acquired by Silverlake and GIC in $1.7B cash deal
Under the terms of the agreement, Silver Lake and GIC will acquire all outstanding shares of Zuora stock at $10 per share in cash. That’s a premium to Zuora shares, which were trading at $9.42 prior to the announcement but as low as $8.36 over the last month. Officially, the acquisition price is offering an 18% premium on Zuora’s last stock price.
Zuora Enters into Definitive Agreement to be Acquired by Silver Lake and GIC For $1.7 Billion
providing technology necessary to monetize products and services," said Tien Tzuo, Zuora’s Founder, CEO and Chairman of the Board. "As a private company, with the support and expertise of Silver ...
Silver Lake, GIC To Acquire Zuora - Quick Facts
Zuora (ZUO) has entered into a definitive agreement to be acquired by Silver Lake, in partnership with an affiliate of GIC Pte. Ltd.
Billing software firm Zuora to go private in $1.7 bln deal with Silver Lake, GIC
Zuora: The company, founded in 2007, offers billing software and other subscription management tools to enterprise customers, which include cloud computing firm Nutanix and Siemens Healthineers.
Silver Lake, GIC Agree $1.7 Billion Deal for Software Firm Zuora
Silver Lake Management and Singapore’s GIC Pte have agreed to acquire Zuora Inc. in a deal that values the software maker at $1.7 billion.
Billing Software Firm Zuora to Go Private in $1.7 Billion Deal With Silver Lake, GIC
(Reuters) - Billing software firm Zuora said on Thursday it has agreed to be acquired by buyout firm Silver Lake and ...
Zuora rises as Silver Lake, GIC to take company private in $1.7B takeover deal
Zuora (ZUO) shares were up 5% in premarket trade, after it said it will be acquired by Silver Lake, in partnership with an ...
A Bull Case for Zuora (ZUO)
Its founder/CEO Tien Tzuo is best known for building Salesforce’s internal subscription billings platform during his time ...
PE Hub5d
Silver Lake and GIC to acquire enterprise software company Zuora in $1.7bn take-private deal
When the deal closes, Zuora will no longer trade on the New York Stock Exchange The transaction is expected to close in the first calendar quarter of 2025 Tien Tzuo, Zuora’s founder, CEO and ...