government has been increasing its scrutiny of Zoom on several fronts. The panel’s focus was mainly on Zoom’s ties to China. Department of Justice-led panel, named Team Telecom, was investigating the proposed merger’s potential national security risks. ![]() Earlier in September, The Wall Street Journal reported that a U.S. The company said that the agreement had not received the required number of votes from Five9 shareholders to approve the merger. ![]() 30, 2021, Five9 announced that the two parties had mutually agreed to abandon the deal. Five9 shareholders were to receive 0.5533 share of Zoom Class A common stock for each share of Five9 Inc.Īs mentioned above, on Sept. in an all-stock transaction valued at roughly $14.7 billion. ![]() On July 18, 2021, Zoom announced that it had agreed to acquire cloud contact center solutions company Five9 Inc.
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