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home / news releases / ZEN - Zendesk surges after private equity firms bid for software company: report

ZEN - Zendesk surges after private equity firms bid for software company: report

Zendesk Inc.
Zendesk (NYSE:ZEN) shares surged on Thursday after The Wall Street Journal reported that several private equity firms, including Thoma Bravo LP, have bid for the software company. In addition to the bids, Zendesk is under pressure from activist investor Jana Partners to cancel its proposed acquisition of Momentiv (NASDAQ:MNTV), the parent company of SurveyMonkey. At last check, Zendesk shares were up more than 13% to $117.22 following the report. Zendesk did not immediately respond to a request for comment from Seeking Alpha. Zendesk is scheduled to report fourth-quarter results after the close of trading on Thursday.

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Zendesk surges after private equity firms bid for software company: report
Stock Information
Company Name: Zendesk Inc.
Stock Symbol: ZEN
Market: NYSE
Website: zendesk.com
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