Latest News

The Wall Street Journal: Zendesk is talking settlement with activist investor Jana Partners

0

Zendesk Inc. is in talks to settle with activist investor Jana Partners LLC, days after the software company ended an unsuccessful bid to sell itself.

Zendesk
ZEN,
-4.92%

and Jana are discussing a truce that could involve Mikkel Svane stepping down as chief executive and changes to the board, including removing director Carl Bass, according to people familiar with the matter. The situation is still fluid and the men could still remain in their roles, some of the people said.

A deal could be finalized within weeks, assuming the talks don’t fall apart, the people said.

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com:

How the Fed and the Biden administration got inflation wrong.

Stores have too much stuff. Here’s where they’re slashing prices.

Market Snapshot: Dow, S&P 500 fall for a fifth straight day, U.S. stocks close mostly lower as Fed policy decision looms

Previous article

Financial Crime: Accused Medicare fraudster caught trying to flee to Cuba aboard Jet Ski, prosecutors say

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News