Zendesk Stock Soars on Report of Fresh Buyout Deal

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Updated June 24, 2022 7:24 am ET / Original June 24, 2022 5:05 am ET

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Zendesk soared early Friday after The Wall Street Journal reported the provider of cloud-based customer-service software was in takeover talks with a group of buyout firms.

Zendesk (ticker: ZEN) jumped more than 53% to $88.95 in premarket trading after the Journal said a deal with a group that includes Hellman & Friedman and Permira could be reached in the coming days as long as the discussions don’t fall apart. The Journal cited people familiar with the matter.

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