** 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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