GIC, Zuora and Silver Lake
Billing software firm Zuora to go private in $1.7 billion deal with Silver Lake, GIC
Billing software firm Zuora said on Thursday it has agreed to be acquired by buyout firm Silver Lake and Singaporean wealth fund GIC in a deal valued at $1.7 billion, sending its shares up nearly 6% in early trading.
Zuora to be acquired by Silverlake and GIC in $1.7B cash deal
Cloud subscription services company Zuora Inc. has announced that it has entered a definitive agreement to be acquired by private equity Silver Lake and an affiliate of Singapore’s sovereign wealth fund GIC Pte. Ltd. in a transaction valued at $1.7 billion.
Zuora Enters into Definitive Agreement to be Acquired by Silver Lake and GIC For $1.7 Billion
Under the terms of the agreement, Silver Lake and GIC will acquire all outstanding shares of Zuora common stock for $10.00 per share in cash. The purchase price represents an 18% premium to the Company's unaffected closing stock price 1 and a 20% enterprise value 2 premium.
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.
Zuora Stock Pops on Deal To Sell to PE Firm Silver Lake
Key Takeaways Shares of enterprise software company Zuora rose Thursday after announcing its purchase by a tech-focused private equity firm. The company said it would sell to Silver Lake and a partner for $10 per share in cash.
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 affiliate of GIC, in a $1.7 billion t
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