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Zendesk working with Qatalyst on its potential sale - source

Reporting by Krystal Hu in New York and Jaiveer Singh Shekhawat in Bengaluru; Additional reporting by Tiyashi Dutta in Bengaluru; Editing by Rashmi Aich

April 18 (Reuters) - Software company Zendesk Inc (ZEN.N) has hired advisory firm Qatalyst Partners to explore a potential sale, a source familiar with the matter told Reuters on Monday.

Zendesk declined to comment and Qatalyst did not immediately respond to a Reuters' request for comment on the development first reported by Bloomberg News earlier in the day.

In February, Zendesk said it had rejected an acquisition offer from a consortium of private equity firms for as much $16 billion.

Zendesk's investors rejected a proposed takeover of SurveyMonkey parent Momentive Global (MNTV.O) in February, terminating the merger agreement.

The deal, valued at roughly $4 billion, had been roundly criticized by prominent investors including state pension funds and large mutual funds, which questioned its rationale and said it would likely be too risky.

More details in https://www.reuters.com/technology/zende...022-04-19/
Specuvestor: Asset - Business - Structure.

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