Scandal-hit Zenefits slashes own valuation as it cuts deal with investors

Scandal-hit Zenefits slashes own valuation as it cuts deal with investors

3:22 AM
SAN FRANCISCO (Reuters) - Software startup Zenefits has cut a highly unusual deal with investors to increase their ownership while slashing the once-hot firm's valuation as it seeks to avoid litigation and mend damage in the wake of revelations of cheating.


from Reuters: Technology News http://ift.tt/29a0HSj
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