One of the most expected deals of Zoom in 2021 just got rejected
After announcing in July that a $14.7 billion deal will be closed with Zoom, Five9 revealed that they left the offer. This could have been Zoom’s first billion-dollar purchase and the second-biggest tech deal of the year but lost the opportunity to expand its capabilities after it rallied during the COVID-19 pandemic.
According to the letter sent to the Federal Communications Commission, a branch of the Justice Department was worried about foreign participation. However, Zoom expected the agreement to be closed in the first half of 2022.
Five9 shareholders were ultimately unsatisfied with the small premium Zoom was supposed to pay. They were set to receive a 13% bump in the value of their shares over the trading price reported before the agreement.
Zoom and Five9 said they would maintain support for the integrations, honoring their product partnership before the acquisition agreement.
After declining 28% after the announcement, Zoom stock price added 3.82%.
Sources: cnbc.com, investors.com
Los usuarios / lectores no deben confiar únicamente en la información presentada aquí y deben hacer su propia investigación / análisis leyendo también la investigación subyacente real. El contenido adjunto es genérico y no tiene en cuenta las circunstancias personales, la experiencia de inversión o la situación financiera actual.
Por lo tanto, Key Way Investments Ltd no aceptará ninguna responsabilidad por las pérdidas de los comerciantes debido al uso y el contenido de la información presentada en este documento. Rentabilidades y predicciones pasadas no garantizan resultados futuros.