Exclusive-Billing software firm Zuora explores sale after takeover interest, sources say [Yahoo! Finance]
Zuora, Inc. Class A (ZUO)
Last zuora, inc. class a earnings: 3/12 04:12 pm
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Source: Yahoo! Finance
sale after receiving acquisition interest from potential suitors, according to people familiar with the matter. Redwood City, California-based Zuora has tapped investment bank Qatalyst Partners to advise on discussions with potential acquirers, which include private equity firms, the sources said. Zuora's board has formed a special committee comprising independent directors to handle the company's discussions on a deal to allow for the possibility that its CEO and founder Tien Tzuo and some other large shareholders may participate in the transaction, one of the sources said. According to recent company filings, Tzuo holds about 43% of Zuora's total voting rights through a special class of shares. The sources cautioned that there is no certainty that any deal will materialize and asked not to be identified because the deliberations are confidential. Zuora's shares jumped more than 15% on the news, giving it a market capitalization of about $1.5 billion. Zuora has lost more than
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ZUO
News
- Zuora, Inc. (NYSE: ZUO) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $15.00 price target on the stock.MarketBeat
- Zuora to Acquire Togai, Enhancing Usage-Based Offerings Amid the GenAI Explosion [Yahoo! Finance]Yahoo! Finance
- Zuora to Acquire Togai, Enhancing Usage-Based Offerings Amid the GenAI ExplosionBusiness Wire
- Zuora (ZUO) Ascends But Remains Behind Market: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Zuora enters into partnership with Ubisoft [Seeking Alpha]Seeking Alpha
ZUO
Earnings
- 2/28/24 - Beat
ZUO
Sec Filings
- 4/24/24 - Form 4
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- ZUO's page on the SEC website