Zoom Buys Cloud Company Five9 For $14.7 Billion
Zoom Video Communications Inc (NASDAQ:ZM) has announced a $14.7 billion deal to buy cloud call center service provider Five9 Inc (NASDAQ:FIVN) in an all-stock transaction. The latter has been 20 years in the market, and it is set to be an operating unit of the video conferencing firm. Q2 2021 hedge fund letters, conferences and more Entering the Contact Center MarketOn Sunday, the two companies said that the deal is expected to close in the first half of 2022. Zoom was worth $9 billion during its public listing in 2019. The deal is part of Zoom’s ongoing efforts to increase its offerings, and ...