Zuora to Be Acquired by Silver Lake and GIC for $1.7 Billion at $10 Per Share

Oct 17, 2024, 02:50 PM

Zuora, a subscription management firm, has entered into a definitive agreement to be acquired by Silver Lake Management and Singapore's GIC Pte in a deal valued at $1.7 billion in cash and stock. The acquisition price is set at $10 per share, representing an 18% premium to the closing price when acquisition talks began. Zuora's stock saw a pre-market increase of 5.2% following the announcement.