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 ...
Source: msn.com