The panel’s focus was mainly on Zoom’s ties to China. ![]() Department of Justice-led panel, named Team Telecom, was investigating the proposed merger’s potential national security risks. Earlier in September, The Wall Street Journal reported that a U.S. ![]() The company said that the agreement had not received the required number of votes from Five9 shareholders to approve the merger. 30, 2021, Five9 announced that the two parties had mutually agreed to abandon the deal. Five9 shareholders were to receive 0.5533 share of Zoom Class A common stock for each share of Five9 Inc.Īs mentioned above, on Sept. ![]() in an all-stock transaction valued at roughly $14.7 billion. On July 18, 2021, Zoom announced that it had agreed to acquire cloud contact center solutions company Five9 Inc.
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