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#The Wall Street Journal: Zendesk is talking settlement with activist investor Jana Partners

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“The Wall Street Journal: Zendesk is talking settlement with activist investor Jana Partners”

Deal could involve CEO stepping down, changes to board

Zendesk Inc. is in talks to settle with activist investor Jana Partners LLC, days after the software company ended an unsuccessful bid to sell itself.

Zendesk
ZEN,
-4.92%
and Jana are discussing a truce that could involve Mikkel Svane stepping down as chief executive and changes to the board, including removing director Carl Bass, according to people familiar with the matter. The situation is still fluid and the men could still remain in their roles, some of the people said.

A deal could be finalized within weeks, assuming the talks don’t fall apart, the people said.

An expanded version of this report appears on WSJ.com.

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