Zoom ends Five9 merger plan after Five9 shareholders balked at deal - NewsBreak

Zoom is terminating its $14.7 billion merger with contact-center software company Five9 after it failed to win shareholder approval, it said Thursday. "While we were excited about the benefits this transaction would bring to both Zoom and Five9 stakeholders, including the long-term potential for both sets of shareholders, financial discipline is foundational to our strategy," CEO Eric Yuan said in a statement. "The contact center market remains a strategic priority for Zoom, and we are confident in our ability to capture its growth potential."