[software] Zoom's multi-billion dollar takeover of Five9 is off

[#Hassan.]

Top video conferencing firm Zoom won’t be buying Five9 after the two companies have confirmed the acquisition deal they’d been planning since July has fallen through after Five9’s shareholders decided to reject the deal. Zoom had offered Five9 a $14.7 billion all-stock deal, which the latter had employed proxy advisory company Institutional Shareholder Services, to analyze - and roughly two weeks ago, the company advised Five9 to turn the deal down. The value of the deal was apparently the main issue, with Five9 shareholders reportedly only seeing a 13% increase in the value of their shares, reportedly too low for them to accept.

Here's the best online collaboration tools around Take a look at our list of the best headsets for conference calls Check out our list of the best business webcams available Five9 is a cloud-based contact center platform, whose Crunchbase page shows eight investment rounds, totaling $114.1 million in funding. So far, the company has acquired four other firms, including two in 2020 - a  cloud-based Intelligent Virtual Agent platform provider, Inference Solutions, and workforce engagement management solution, Virtual Observer.

 

Here's the best online collaboration tools around Take a look at our list of the best headsets for conference calls Check out our list of the best business webcams available Five9 is a cloud-based contact center platform, whose Crunchbase page shows eight investment rounds, totaling $114.1 million in funding. So far, the company has acquired four other firms, including two in 2020 - a  cloud-based Intelligent Virtual Agent platform provider, Inference Solutions, and workforce engagement management solution, Virtual Observer.

link:

https://www.techradar.com/news/zooms-multi-billion-takeover-of-five9-is-off