Momentive Announces Termination of Zendesk Transaction

Momentive Global announced that its previously announced merger agreement with Zendesk has terminated. While Momentive received the requisite number of votes from its stockholders to approve the transaction, Zendesk did not receive the requisite number of votes from its stockholders.

Momentive CEO Zander Lurie commented, “While we are disappointed that Zendesk stockholders did not vote to approve the transaction, we are confident in our go-forward strategy. We have a strong portfolio of products that address valuable customer needs, and our market opportunity is larger and more relevant than ever. We’ve always been focused on driving stockholder value and remain committed to this important objective on the journey ahead.”

About Momentive

Momentive (NASDAQ: MNTV—maker of SurveyMonkey) is a leader in agile experience management, delivering powerful, purpose-built solutions that bring together the best parts of humanity and technology to redefine AI. Momentive products, including SurveyMonkey and Momentive brand and market insights solutions, empower ​decision-makers at 345,000 organizations worldwide to shape exceptional experiences. Millions of users rely on Momentive to fuel market insights, brand insights, employee experience, customer experience, and product experience. Ultimately, the company’s vision is to raise the bar for human experiences by amplifying individual voices.

Learn more at momentive.ai.