Zuora, a billing software firm, is set to be acquired by Silver Lake and Singapore’s wealth fund GIC in a $1.7 billion deal, offering shareholders $10 per share, an 18% premium over its April 16th closing price. When the acquisition is completed in early 2025, Zuora will become a privately held company, continuing under the leadership of Founder and CEO Tien Tzuo. The move follows Zuora’s recent cost-cutting efforts, including an 8% workforce reduction, as it pivots to streamline operations and enhance its subscription management offerings for enterprise clients like Nutanix and Siemens Healthineers.
Billing Software Firm Zuora to Go Private in $1.7 bln Deal with Silver Lake, GIC
