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2021-10-01
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Zoom and Five9 call off multibillion-dollar merger amid scrutiny
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Owens Five9 inv","content":"<font class=\"NormalMinus1\" face=\"Arial\"> <p> MW <a href=\"https://laohu8.com/S/ZM\">Zoom</a> and Five9 call off multibillion-dollar merger amid scrutiny </p> <p> By Jeremy C. Owens </p> <p> Five9 investors vote against deal, which was being investigated by U.S. for security concerns </p> <p> Zoom Video Communications Inc. and <a href=\"https://laohu8.com/S/FIVN\">Five9 Inc</a>. called off their multibillion-dollar merger Thursday, after Five9 shareholders voted against a deal that was being investigated by the U.S. Department of Justice. </p> <p> Five9 (FIVN) announced Thursday afternoon that the merger with Zoom (ZM) had been terminated \"by mutual agreement,\" after Five9's shareholders failed to approve the deal in a vote. Institutional Shareholder Services Inc. told Five9 investors to vote against the $14.9 billion all-stock deal because a downturn in volatile Zoom stock had decreased the offer. </p> <p> For more: Five9 shareholders told not to take Zoom offer because of stock volatility </p> <p> The merger between Zoom, a prominent videoconferencing service, and Five9, which offers a communications platform to call centers, was also being investigated by the U.S. government for potential security risks. The deal was originally announced in July, and was expected to close in the first half of 2022. </p> <p> \"We had the opportunity to engage extensively with our shareholders since our transaction announcement,\" Five9 Chief Executive Rowan Trollope said in a statement Thursday. \"We greatly appreciate their feedback and confidence in Five9's future prospects and share their views regarding the significant potential for value creation as a standalone company.\" </p> <p> Five9 stock fell more than 2% in after-hours trading Thursday, while Zoom stock was stable. </p> <p> -Jeremy C. Owens </p> <pre>\n \n</pre> <p> <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires </p> <p> September 30, 2021 18:53 ET (22:53 GMT) </p> <p> Copyright (c) 2021 Dow Jones & Company, Inc. </p> </font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zoom and Five9 call off multibillion-dollar merger amid scrutiny</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZoom and Five9 call off multibillion-dollar merger amid scrutiny\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-10-01 06:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\"> <p> MW <a href=\"https://laohu8.com/S/ZM\">Zoom</a> and Five9 call off multibillion-dollar merger amid scrutiny </p> <p> By Jeremy C. Owens </p> <p> Five9 investors vote against deal, which was being investigated by U.S. for security concerns </p> <p> Zoom Video Communications Inc. and <a href=\"https://laohu8.com/S/FIVN\">Five9 Inc</a>. called off their multibillion-dollar merger Thursday, after Five9 shareholders voted against a deal that was being investigated by the U.S. Department of Justice. </p> <p> Five9 (FIVN) announced Thursday afternoon that the merger with Zoom (ZM) had been terminated \"by mutual agreement,\" after Five9's shareholders failed to approve the deal in a vote. Institutional Shareholder Services Inc. told Five9 investors to vote against the $14.9 billion all-stock deal because a downturn in volatile Zoom stock had decreased the offer. </p> <p> For more: Five9 shareholders told not to take Zoom offer because of stock volatility </p> <p> The merger between Zoom, a prominent videoconferencing service, and Five9, which offers a communications platform to call centers, was also being investigated by the U.S. government for potential security risks. The deal was originally announced in July, and was expected to close in the first half of 2022. </p> <p> \"We had the opportunity to engage extensively with our shareholders since our transaction announcement,\" Five9 Chief Executive Rowan Trollope said in a statement Thursday. \"We greatly appreciate their feedback and confidence in Five9's future prospects and share their views regarding the significant potential for value creation as a standalone company.\" </p> <p> Five9 stock fell more than 2% in after-hours trading Thursday, while Zoom stock was stable. </p> <p> -Jeremy C. Owens </p> <pre>\n \n</pre> <p> <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires </p> <p> September 30, 2021 18:53 ET (22:53 GMT) </p> <p> Copyright (c) 2021 Dow Jones & Company, Inc. </p> </font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FIVN":"Five9 Inc","ZM":"Zoom"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2172528369","content_text":"MW Zoom and Five9 call off multibillion-dollar merger amid scrutiny By Jeremy C. Owens Five9 investors vote against deal, which was being investigated by U.S. for security concerns Zoom Video Communications Inc. and Five9 Inc. called off their multibillion-dollar merger Thursday, after Five9 shareholders voted against a deal that was being investigated by the U.S. Department of Justice. Five9 (FIVN) announced Thursday afternoon that the merger with Zoom (ZM) had been terminated \"by mutual agreement,\" after Five9's shareholders failed to approve the deal in a vote. Institutional Shareholder Services Inc. told Five9 investors to vote against the $14.9 billion all-stock deal because a downturn in volatile Zoom stock had decreased the offer. For more: Five9 shareholders told not to take Zoom offer because of stock volatility The merger between Zoom, a prominent videoconferencing service, and Five9, which offers a communications platform to call centers, was also being investigated by the U.S. government for potential security risks. The deal was originally announced in July, and was expected to close in the first half of 2022. \"We had the opportunity to engage extensively with our shareholders since our transaction announcement,\" Five9 Chief Executive Rowan Trollope said in a statement Thursday. \"We greatly appreciate their feedback and confidence in Five9's future prospects and share their views regarding the significant potential for value creation as a standalone company.\" Five9 stock fell more than 2% in after-hours trading Thursday, while Zoom stock was stable. -Jeremy C. 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