Zoom’s Nearly $15 Billion Acquisition of Five9 Rejected by Shareholders

Zoom makes a popular video communication software that has been widely used during the Covid-19 pandemic, including in classrooms.


Ddp Images/Zuma Press

Zoom Video Communications Inc.’s

ZM 1.59%

bid to acquire contact center company

Five9 Inc.

FIVN -1.23%

was shot down on Thursday.

Five9 said in a release that the deal failed to gain enough votes from its shareholders and that the merger plan had been “terminated by mutual agreement” between the two companies.

Write to Aaron Tilley at [email protected] and Sebastian Herrera at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechiLive.in is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.