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.



Photo:

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]

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