<ul><li>Cloud subscription services company Zuora Inc. plans to be acquired by Silver Lake and GIC in a cash deal valued at $1.7 billion.</li><li>Under the agreement, Silver Lake and GIC will acquire all outstanding shares of Zuora stock at $10 per share in cash, offering an 18% premium on Zuora's last stock price.</li><li>Zuora offers cloud-based software to help businesses manage and automate subscription billing processes, catering to industries like software, media, healthcare, and education.</li><li>The acquisition is expected to close in the first quarter of 2025, subject to customary closing conditions and approvals.</li></ul>

Zuora to be acquired by Silverlake and GIC in $1.7B cash deal

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