Zoom and Five9 Abandon $14.7 Billion Acquisition - NewsBreak
By Jozef in Business
Updated 3 years ago
Cloud contact center software company Five9 and video calling software maker Zoom said Thursday they will not go forward with Zoom's plan to acquire Five9 for $14.7 billion. Five9 shares fell 2% in extended trading following the statement from the companies, which said the agreement didn't receive enough votes from Five9 shareholders.