Five9 Inc

NASDAQ:FIVN   3:59:59 PM EDT
201.99
+0.70 (+0.35%)
Officer Changes, Mergers / Acquisitions

Zoom To Acquire Five9

Published: 07/19/2021 01:19 GMT
Five9 Inc (FIVN) - Zoom to Acquire Five9.
Zoom Video Communications -entered Into Agreement to Acquire Five9 in an All-stock Transaction Valued at Approximately $14.7 Billion.
Following Close of Transaction, Five9 Will Be an Operating Unit of Zoom.
Five9- Five9 Stockholders Will Receive 0.5533 Shares of Class A Common Stock of Zoom Video Communications, Inc. for Each Share of Five9.
Zoom Video Communications - Boards of Directors of Zoom and Five9 Have Approved Transaction.
Board of Directors of Five9 Recommends That Five9 Stockholders Approve Transaction and Adopt Merger Agreement.
Transaction, Which is Anticipated to Close in First Half of Calendar Year 2022.
Rowan Trollope Will Become a President of Zoom and Continue As CEO of Five9, Reporting to Eric Yuan.