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Zendesk working with Qatalyst on its potential sale - source

Reporting by Krystal Hu in New York and Jaiveer Singh Shekhawat in Bengaluru; Additional reporting by Tiyashi Dutta in Bengaluru; Editing by Rashmi Aich

April 18 (Reuters) - Software company Zendesk Inc (ZEN.N) has hired advisory firm Qatalyst Partners to explore a potential sale, a source familiar with the matter told Reuters on Monday.

Zendesk declined to comment and Qatalyst did not immediately respond to a Reuters' request for comment on the development first reported by Bloomberg News earlier in the day.

In February, Zendesk said it had rejected an acquisition offer from a consortium of private equity firms for as much $16 billion.

Zendesk's investors rejected a proposed takeover of SurveyMonkey parent Momentive Global (MNTV.O) in February, terminating the merger agreement.

The deal, valued at roughly $4 billion, had been roundly criticized by prominent investors including state pension funds and large mutual funds, which questioned its rationale and said it would likely be too risky.

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