Activist Shareholder Leans on Zendesk to Abandon SurveyMonkey Deal

Zendesk Inc. shareholder Jana Partners is urging the customer service company to walk away from a deal to buy Momentive Global, the parent company of SurveyMonkey.

Jana Partners wants Zendesk’s board to drop the deal now instead of waiting months for a shareholder vote that it said appears likely to fail, according to a letter the New York activist firm sent to the software firm’s board.

“We believe Zendesk is highly undervalued and has far more attractive opportunities to create shareholder value than by acquiring Momentive,” Jana stated.

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