BUZZ-Zuora rises as Silver Lake, GIC to buy co in $1.7 bln deal

Reuters

Oct 17, 2024

** Shares of billing software firm Zuora jump 5% at $9.90 premarket

** Company agrees to be acquired by technology investment firm Silver Lake in partnership with an affiliate of GIC in a deal valued at $1.7 bln

** ZUO's shareholders to receive $10/share in cash, a premium of 6.2% to stock's last close

** Deal has been unanimously approved and recommended for approval by stockholders by Zuora's board, company says

** Founder-CEO Tien Tzuo to continue to lead the company after completion of deal

** Zuora, which makes subscription management software for businesses, was exploring options that include a sale after receiving acquisition interest from potential suitors, Reuters reported in April

** Stock largely unchanged this year

(Reporting by Savyata Mishra in Bengaluru)

((Savyata.Mishra@thomsonreuters.com))

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20:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>** Shares of billing software firm Zuora    jump 5% at $9.90 premarket</p><p>   ** Company agrees to be acquired by technology investment firm Silver Lake in partnership with an affiliate of GIC in a deal valued at $1.7 bln</p><p>   ** ZUO's shareholders to receive $10/share in cash, a premium of 6.2% to stock's last close</p><p>   ** Deal has been unanimously approved and recommended for approval by stockholders by Zuora's board, company says</p><p>   ** Founder-CEO Tien Tzuo to continue to lead the company after completion of deal</p><p>   ** Zuora, which makes subscription management software for businesses, was exploring options that include a sale after receiving acquisition interest from potential suitors, Reuters reported in April</p><p>   ** Stock largely unchanged this year</p><p> (Reporting by Savyata Mishra in Bengaluru)</p><p>((Savyata.Mishra@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4104","symbol_name":"贸易公司与经销商","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2476129377","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476129377","pubTimestamp":1729169510,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Shares of billing software firm Zuora    jump 5% at $9.90 premarket   ** Company agrees to be acquired by technology investment firm Silver Lake in 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