Law 360 M&A

APRIL 25, 2024

Zendesk Inc. has defeated a securities class action in California federal court accusing the customer service software company of undervaluing itself to get a $10.2 billion go-private merger with private equity firms approved by Zendesk shareholders.

Private Equity Firm 52

Private Equity Firm Equity 52

Law 360 M&A

NOVEMBER 16, 2023

Two pension funds and three individual investors in software-as-a-service venture Zendesk Inc. sued the company's founder and former CEO and four others in Delaware's Court of Chancery late Wednesday, alleging self-interested management moves that took the company private at a price far below earlier offers.

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Law 360 M&A

NOVEMBER 20, 2023

New cases involved Walt Disney, Real Life, Zendesk and animal health company Covetrus Inc. Lawsuits that went nowhere got pretty expensive in Delaware's Court of Chancery last week, which saw the award of a multimillion-dollar "mootness" fee and a settlement of litigation that closed a $720 million deal.

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Law 360 M&A

AUGUST 25, 2023

Zendesk Inc. has already given shareholders enough documents about the company's 2022 decision to be acquired by private equity firms, a Delaware Chancery Court magistrate said in a post-trial final report issued Friday, ruling in the company's favor with a few exceptions.

Private Equity Firm 40

Private Equity Firm Equity 40

Law 360 M&A

APRIL 28, 2023

Former stockholders of Zendesk Inc. have sued the company in Delaware's Court of Chancery, claiming that it breached an agreement to provide them with corporate records about its $77.50-per-share per-share sale in November 2022 to private equity firms Hellman & Friedman LLC and Permira Advisers LLC.

Private Equity Firm 40

Private Equity Firm Equity 40

Law 360 M&A

DECEMBER 9, 2022

Shareholders of Zendesk Inc. want Delaware's Court of Chancery to determine the value of their shares in the San Francisco-based customer service software company following its $10.2 billion acquisition by an investor group led by private equity firms Hellman & Friedman LLC and Permira.

Private Equity Firm 40

Private Equity Firm Appraisal Equity 40

Law 360 M&A

SEPTEMBER 12, 2022

Light Street Capital Management LLC released a letter Monday to the Zendesk Inc. board of directors expressing "extreme disappointment" at its recapitalization proposal being rebuffed, continuing the investor's attempt to lure the software company away from a $10.2 billion go-private deal it has already entered.

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