California-based Zuora, Inc. (ZUO) entered a merger agreement on October 17, 2024, to be acquired by investment firms Silver Lake and GIC, in a deal valued at $1.7 billion.
As per the agreement, Silver Lake in partnership with an affiliate of GIC will take the subscription management software maker private for $10.00 per share in cash, representing a 6.16% premium from the stock’s last close.