Zuora (NYSE:ZUO) shares were up 5% in premarket trade, after it said it will be acquired by Silver Lake, in partnership with an affiliate of GIC, in a $1.7 billion take private deal. Under the deal, Silver Lake and GIC will acquire all outstanding shares of Zuora at $10 apiece in cash,

Zuora stock jumped Thursday after announcing it will be acquired by private equity firm Silver Lake in a deal valued at $1.7 billion.

(Reuters) - Billing software firm Zuora said on Thursday it has agreed to be acquired by buyout firm Silver Lake and Singaporean wealth fund GIC in a deal valued at $1.7 billion, sending its shares up nearly 6% in early trading.

"Silver Lake and GIC to acquire Zuora for $1.7bn " was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in goo

Silver Lake Management and Singapore’s GIC Pte have agreed to acquire Zuora Inc. in a deal that values the software maker at $1.7 billion.

Under the terms of the agreement, Silver Lake and GIC will acquire all outstanding shares of Zuora stock at $10 per share in cash. That’s a premium to Zuora shares, which were trading at $9.42 prior to the announcement but as low as $8.