Zuora, Inc., a leading provider of monetization solutions for subscription-based businesses, has agreed to be acquired by Silver Lake, a prominent tech-focused investment firm, and GIC, Singapore’s sovereign wealth fund, for USD 1.7 billion. The deal values Zuora’s shares at USD 10.00 per share in cash, marking an 18% premium over its previous stock price. This acquisition process, reviewed and approved by an independent Special Committee on Zuora’s board, is expected to close in early 2025, pending regulatory and stockholder approvals.
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Post-acquisition, Zuora will transition to a private company, delisting from public stock exchanges. Founder and CEO Tien Tzuo will retain a significant ownership stake and continue to lead the company. Silver Lake and GIC highlight this move as a strategic step to support Zuora’s growth in the expanding Subscription Economy, emphasizing Zuora’s strong market position and the continued development of its monetization tools for over 1,000 customers.
Read More: Zuora Gets into Definitive Agreement to be Taken Over by Silver Lake and GIC For USD 1.7 Billion