Deals
Silver Lake, GIC Agree $1.7 Billion Deal for Software Firm Zuora
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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.
The investment firms will pay $10 per share in cash for Zuora, according to a statement Thursday. The price represents an 18% premium to Zuora’s closing price on April 16 — the day before media reports, including from Bloomberg News, that the company was working with advisers to explore a potential sale.