BRIEF-Zuora Enters Into Definitive Agreement To Be Acquired By Silver Lake And GIC For $1.7 Billion-March 2024-www.financetom.com

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

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

Oct 17, 2024 12:01 PM

Oct 17 (Reuters) - Zuora Inc ( ZUO ):

* ZUORA ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY

SILVER

LAKE AND GIC FOR $1.7 BILLION

* ZUORA INC ( ZUO ) - ZUORA STOCKHOLDERS TO RECEIVE $10.00 PER SHARE

CASH

* ZUORA INC ( ZUO ) - TO BE ACQUIRED BY SILVER LAKE AND GIC FOR $1.7

BILLION

* ZUORA INC ( ZUO ): TIEN TZUO, CEO, WILL ROLL OVER A MAJORITY OF

HIS

EXISTING OWNERSHIP

* ZUORA INC ( ZUO ): TZUO WILL CONTINUE TO LEAD CO

* ZUORA INC ( ZUO ): UPON COMPLETION OF TRANSACTION, CO'S COMMON

STOCK

WILL NO LONGER BE LISTED ON ANY PUBLIC STOCK EXCHANGE

* ZUORA INC ( ZUO ): UPON COMPLETION OF TRANSACTION TIEN TZUO WILL

CONTINUE TO LEAD COMPANY

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