BRIEF-Zuora Enters Into Definitive Agreement To Be Acquired By Silver Lake And GIC For $1.7 Billion

Reuters

2024-10-17

Oct 17 (Reuters) - Zuora Inc :

* ZUORA ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY SILVER LAKE AND GIC FOR $1.7 BILLION

* ZUORA INC - ZUORA STOCKHOLDERS TO RECEIVE $10.00 PER SHARE IN CASH

* ZUORA INC - TO BE ACQUIRED BY SILVER LAKE AND GIC FOR $1.7 BILLION

* ZUORA INC: TIEN TZUO, CEO, WILL ROLL OVER A MAJORITY OF HIS EXISTING OWNERSHIP

* ZUORA INC: TZUO WILL CONTINUE TO LEAD CO

* ZUORA INC: UPON COMPLETION OF TRANSACTION, CO'S COMMON STOCK WILL NO LONGER BE LISTED ON ANY PUBLIC STOCK EXCHANGE

* ZUORA INC: UPON COMPLETION OF TRANSACTION TIEN TZUO WILL CONTINUE TO LEAD COMPANY

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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