GIC, Zuora and Silver Lake
Zuora rises as Silver Lake, GIC to take company private in $1.7B takeover deal
Zuora (NYSE: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 take private deal. Under the deal, Silver Lake and GIC will acquire all outstanding shares of Zuora at $10 apiece in cash,
Silver Lake and GIC Acquire Zuora
Investment firms Silver Lake and GIC are acquiring Zuora, providers of a business monetization suite, in a stock deal valued at $1.7 billion.
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 Enters into Definitive Agreement to be Acquired by Silver Lake and GIC For $1.7 Billion
Zuora, Inc. (NYSE: ZUO), a leading monetization suite for modern business, today announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing,
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.
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.
Silver Lake and GIC to acquire Zuora for $1.7bn
Under the terms of the agreement, Silver Lake and GIC will acquire all outstanding shares of Zuora at $10.00 per share in cash. This purchase price represents an 18% premium over Zuora's closing stock price on 16 April 2024, and a 20% premium on the company's enterprise value.
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.
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.
Subscription management firm Zuora agrees to be acquired for $1.7B
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