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Zoom to buy cloud-based call center operator Five9 in $15bln deal

July 20, 2021 NEW YORK: Zoom Video Communications Inc., whose online conferencing services took off during the Covid-19 pandemic, agreed to acquire Five9 Inc. for $14.7 billion, using its surging stock to expand into an adjacent market that could bolster revenue as lockdowns end, Bloomberg reported. The value of the all-stock offer is $200.18 a share based on the closing price for Zoom’s common stock on Friday, compared with Five9’s $177.60 price on Friday, the companies said in a statement Sunday. The target firm will become an operating unit of Zoom after the deal, which is subject to shareholder approval and slated to close in the first half of 2022. Zoom shares slid about 2 percent in early trading in New York Monday.

United statesRowan trollopeBill gatesNeil camplingRingcentral incMorgan stanleyVideo communications incGoldman sachsCisco systems incVonage holdings corpUniversity of torontoAlphabet incKeybase financial group incTalkdesk incMicrosoft corpKarlsruhe information technology gmb

Zoom to Buy Five9 for $14 7 Billion to Shore Up App

Zoom to Buy Five9 for $14.7 Billion to Boost Post-Covid Growth Bloomberg 5 hrs ago Edwin Chan and Dina Bass (Bloomberg) Zoom Video Communications Inc., whose online conferencing services took off during the Covid-19 pandemic, agreed to acquire Five9 Inc. for $14.7 billion, using its surging stock to expand into an adjacent market that could bolster revenue as lockdowns end. Popular Searches The value of the all-stock offer is $200.18 a share based on the closing price for Zoom’s common stock on Friday, compared with Five9’s $177.60 price on Friday, the companies said a statement Sunday. The target firm will become an operating unit of Zoom’s after the deal, which is subject to shareholder approval and slated to close in the first half of 2022.

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Zoom to Buy Five9 for $14 7 Billion to Boost Post-Covid Growth

Zoom Bets on AI with $14.7 Billion Deal to Acquire Five9 Bloomberg 9 hrs ago Edwin Chan and Dina Bass (Bloomberg) Zoom Video Communications Inc., whose online conferencing services took off during the Covid-19 pandemic, agreed to acquire Five9 Inc. for $14.7 billion, using its surging stock to expand into an adjacent market that could bolster revenue as lockdowns end. The value of the all-stock offer is $200.18 a share based on the closing price for Zoom’s common stock on Friday, compared with Five9’s $177.60 price on Friday, the companies said a statement Sunday. The target firm will become an operating unit of Zoom after the deal, which is subject to shareholder approval and slated to close in the first half of 2022.

Rowan trollopeAmandeep singhBill gatesRingcentral incMorgan stanleyGoldman sachsCisco systems incVonage holdings corpUniversity of torontoBloomberg zoom video communications incAlphabet incKeybase financial group incTalkdesk incMicrosoft corpKarlsruhe information technology gmbVideo communications inc

Zoom Shares Slip on $14 7 Billion Stock Deal to Buy Five9

Zoom Shares Slip on $14 7 Billion Stock Deal to Buy Five9
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

United statesRowan trollopeAmandeep singhBill gatesNeil camplingRingcentral incMorgan stanleyGoldman sachsCisco systems incVonage holdings corpUniversity of torontoBloomberg zoom video communications incAlphabet incKeybase financial group incTalkdesk incMicrosoft corp

Zoom to buy Five9 for US$14 7B for post-COVID growth

Zoom to buy Five9 for US$14 7B for post-COVID growth
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

United statesRowan trollopeAmandeep singhBill gatesNeil camplingRingcentral incMorgan stanleyVideo communications incGoldman sachsCisco systems incVonage holdings corpUniversity of torontoAlphabet incKeybase financial group incTalkdesk incMicrosoft corp