Zoom’s $15 billion deal for Five9 is off
Zoom’s roughly $15 billion acquisition of the call center software company Five9 fell apart Thursday evening, when the companies said they would terminate a deal that had drawn national security scrutiny.
Five9 said in a news release that the deal had failed to garner enough support from its shareholders, and that the company would continue to operate independently. Allison Wilson, a spokesperson for Five9, said the company believed it would build on its “current proven momentum” as an independent firm.
Zoom CEO Eric S. Yuan said in a blog post that while the acquisition had been an opportunity for the company to expand, it “was in no way foundational to the success of our platform.” A spokesperson for Zoom, CJ Lin, said the company had no further comment.
The proposed deal between the companies, both based in California, had attracted government scrutiny. In August, the Justice Department pushed for a federal review to…
