Zuora stock jumped Thursday after announcing it will be acquired by private equity firm Silver Lake in a deal valued at $1.7 billion.

"Silver Lake and GIC to acquire Zuora for $1.7bn " was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in goo

Under the terms of the agreement, Silver Lake and GIC will acquire all outstanding shares of Zuora stock at $10 per share in cash. That’s a premium to Zuora shares, which were trading at $9.42 prior to the announcement but as low as $8.36 over the last month. Officially, the acquisition price is offering an 18% premium on Zuora’s last stock price.

Zuora, Inc. (NYSE: ZUO), a leading monetization suite for modern business, today announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing,

Zuora (ZUO) shares were up 5% in premarket trade, after it said it will be acquired by Silver Lake, in partnership with an affiliate of GIC, in a $1.7 billion t

Billing software firm Zuora said on Thursday it has agreed to be acquired by buyout firm Silver Lake and Singaporean wealth fund GIC in a deal valued at $1.7 billion, sending its shares up nearly 6% in early trading.