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Wednesday, December 6, 2023

Five9 CEO says shareholders rejected Zoom acquisition because the offer ‘wasn’t going to cut it’

  • Five9 shareholders rejected Zoom's acquisition because the offer did not appropriately value the cloud contact center software company, Five9's chief executive said.
  • The all-stock agreement worth $14.7 billion would have been one of the largest tech deals of the year.
  • Zoom's stock has struggled this year, down more than 50% from its highs notched in October 2020.

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