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 and Jana are discussing a truce that could involve Mikkel Svane stepping down as the software company’s chief executive, as well as changes to the board, including the removal of 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.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Police accused of injuring elderly woman with dementia during arrest

A federal lawsuit has been filed against a Loveland, Colorado, police department…

J&J Revenue Up on Surge in Heart Procedures

.css-dg1ipl-ReadNextStrap{max-width:780px;width:100%;text-transform:capitalize;border-bottom:1px solid #111111;}.css-1llpedq-ReadNextStrap{max-width:780px;width:100%;text-transform:capitalize;border-bottom:1px solid #111111;}@media screen and (max-width: 639px){.css-1llpedq-ReadNextStrap{padding-block-start:28px;padding-block-end:6px;}}@media screen and (min-width:…

Disney+ adds warning label to ‘Obi-Wan Kenobi’ following Uvalde school shooting

Disney+ is the latest streaming service to add a warning label to…

Black horse trainers offer horseback riding as therapy

When Monica Wilder’s father died in 2020, she found herself facing unresolved…