Freshworks Inc. (NasdaqGS:FRSH) entered into an definitive agreement to acquire Device42, Inc. from Raj Jalan and others for approximately $230 million on April 30, 2024. The purchase price will be paid in the form of $215 million of cash and an equity rollover of $15 million by Raj Jalan and certain of his affiliates. The transaction is approved by both Freshworks' and Device42's board. The transaction is subject to both Freshworks' and Device42's shareholders. The transaction is subject to regulatory approvals including approvals under HSR Act. Lawyers Sepideh Mousakhani, Rishab Kumar, Steve Tonsfeldt, Zachary Sonenshine, Cristina Lombardi, Sarah Buchik and Queenie Chen led the Cooley team acted as legal advisor to Freshworks. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. acted as legal advisor to Device42, Inc.

Freshworks Inc. (NasdaqGS:FRSH) completed the acquisition of Device42, Inc. from Raj Jalan and others on June 6, 2024.