Zuora, a company known for its monetization software, has announced a big change: it’s being acquired by Silver Lake, a leading tech investment firm, along with GIC, for USD 1.7 billion. This deal means Zuora will no longer be a publicly traded company and will go private. The purchase offers shareholders a premium price of USD 10 per share, and the acquisition has the full support of Zuora’s leadership and board, including CEO and founder Tien Tzuo, who remains committed to leading the company forward.
Tzuo sees this as a positive step, saying that going private will allow Zuora to focus on long-term growth, especially as businesses increasingly rely on subscription-based revenue models. The deal was thoroughly vetted by an independent special committee, which evaluated numerous offers before deciding that this was the best path for Zuora’s shareholders.
The acquisition is expected to close in early 2025, and while the company will no longer be listed on public stock exchanges, its leadership and headquarters will remain the same, continuing to serve over 1,000 clients in the Subscription Economy.
Read More: Zuora Makes a Definitive Agreement to be Taken Over by Silver Lake and GIC For USD 1.7 Billion