Zendesk Receives Takeover Approaches – The Wall Street Journal

Zendesk Inc. came under new pressure over its proposal to buy the parent of web-survey company SurveyMonkey , with the company saying it has received a roughly $17 billion bid of its own and a shareholder activist preparing to launch a proxy fight.

Zendesk said Thursday after the market closed that it had rejected a $127-$132 per share takeover proposal from a group of private-equity firms it didn’t name and is pushing forward with the planned acquisition of Momentive Globa l Inc. The consortium includes Hellman & Friedman LLC, Advent International Corp. and Permira, people familiar with the matter said.

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