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Zuora Reportedly Weighing Options Including Potential Sale; Shares Jump
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Zuora Reportedly Weighing Options Including Potential Sale; Shares Jump
Apr 17, 2024 12:02 PM

02:47 PM EDT, 04/17/2024 (MT Newswires) -- Zuora ( ZUO ) is considering options that include a potential sale, according to media reports Wednesday, citing people with knowledge of the matter.

The software company has tapped investment bank Qatalyst Partners as an adviser as it gauges interest from potential buyers, which include private-equity firms, according to Reuters.

With deliberations still ongoing, a sale is uncertain, the reports said.

Neither Zuora ( ZUO ) nor Qatalyst immediately responded to MT Newswires' requests for comment.

Zuora ( ZUO ) shares jumped more than 15% in recent trading.

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