Zenefits Halves its Valuation to $2 Billion in New Deal

Zenefits CEO David Sacks just announced a deal with its investors to give them a bigger chunk of the company in exchange for their agreement not to sue. In May 2015, investors plowed $500 million into Zenefits for about 11% of the company, valuing the then 2-year-old business at $4.5 billion.

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