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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. ....
Provided by Dow Jones Jul 19, 2021 3:15 AM UTC GLOBAL MARKETS DJIA 34687.85 -299.17 -0.86% Nasdaq 14427.24 -115.90 -0.80% S&P 500 4327.16 -32.87 -0.75% FTSE 100 7008.09 -3.93 -0.06% Nikkei Stock 27587.01 -416.07 -1.49% Hang Seng 27481.41 -523.27 -1.87% Kospi 3238.40 -38.51 -1.18% SGX Nifty 15697.50 -239 -1.50% July contract USD/JPY 109.90-91 -0.15% Range 110.10 109.85 EUR/USD 1.1803-06 -0.01% Range 1.1816 1.1799 CBOT Wheat Sept $6.924 per bushel Spot Gold $1,813.84/oz 0.2% Nymex Crude (NY) $71.61 -$0.04 U.S. STOCKS U.S. stocks on Friday fell and snapped a three-week winning streak as data showed that consumer sentiment dwindled in early July, driven in part by concerns of high inflation. The S&P 500 lost 32.87 points, or 0.8%, to 4327.16. The Dow Jones Industrial Avera ....
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. ....