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Share Name Share Symbol Market Type
Zoom Video Communications Inc NASDAQ:ZM NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -8.65 -4.51% 183.10 183.10 319.99 187.83 177.12 187.73 8,934,232 05:00:13

Five9 and Zoom Agree to Terminate Merger Agreement

01/10/2021 12:13am

Dow Jones News


Zoom Video Communications (NASDAQ:ZM)
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   By Maria Armental 
 

Zoom Video Communications Inc. and Five9 Inc. agreed to call off their merger, the companies said Thursday.

The announcement comes about a week after The Wall Street Journal reported that the a Justice Department-led panel was investigating the proposed deal over potential national-security risks due to Zoom's China ties.

On Thursday, the two companies said that they had agreed to call off the deal, which didn't get enough votes from Five9 shareholders.

The two intend to continue working together, as they did before the proposed deal, and that Five9 will continue to operate as a standalone, publicly traded company.

 

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

September 30, 2021 18:58 ET (22:58 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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