Investors sold off shares of Zendesk Inc. and Momentive Global Inc. on Friday, signaling skepticism of the customer-service platform’s plan to buy the SurveyMonkey parent company for about $4.13 billion in stock.
Zendesk and Momentive said that by combining, they could offer companies better feedback from customers. But investors appeared cynical of the deal, which analysts said risked making the merger the latest in a series that have been canceled amid negative market sentiment.
