Zendesk terminated the acquisition of Momentive for $4bn.

Zendesk, a customer service platform, terminated the acquisition of Momentive, a management company that offers cloud-based software, for $4bn. "Zendesk’s mission is to simplify the complexity of business and make it easier for companies and customers to create connections. We remain focused on accelerating our rapid growth in the enterprise, continuing to lead the market with easy-to-use and innovative products and, importantly, unlocking opportunities to create value for customers by empowering them with rich, multi-dimensional customer intelligence," Mikkel Svane, Zendesk CEO and Founder. On January 11, 2022, Janus Henderson joins Jana Partners to oppose Zendesk's deal for Momentive. On February 11, 2022, proxy advisory firms Institutional Shareholder Services and Glass Lewis encouraged investors in Zendesk to vote against the deal citing high risk. On February 25, 2022, Zendesk announced termination of merger agreement with Momentive.