Latham & Watkins Advises on Zendesk’ US$4.13 Billion Acquisition of Momentive and Its Iconic SurveyMonkey Platform

Zendesk (NYSE: ZEN) and Momentive (NASDAQ: MNTV) have entered into a definitive agreement under which Zendesk will acquire Momentive, including its iconic SurveyMonkey platform. The terms of the transaction provide for Momentive stockholders to receive 0.225 shares of Zendesk stock for each share of Momentive stock, a ratio which represents an implied value of approximately US$28 per outstanding share of Momentive stock based on the 15-day volume weighted average price of Zendesk common stock up to and including October 26, 2021.

Latham & Watkins LLP represents JP Morgan, financial advisor to Momentive, in the transaction with a corporate deal team led by New York and Orange County partner Charles Ruck and Bay Area partner Tad Freese with Orange County associate Nolan Fargo.