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Zendesk Strikes $10.2 Billion Deal With Buyout Firms

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Zendesk has agreed to be acquired by a group of buyout firms for $10.2 billion, resurrecting a deal that would be one of the biggest private-equity takeovers of the year.

The deal, with a group led by Hellman & Friedman LLC and Permira, values the software company at $77.50 a share, Zendesk said Friday. While that is a roughly 34% premium to Thursday’s closing price, it is down sharply from a roughly $17 billion bid from a similar group of buyout firms the company rejected in February.

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