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BREAKING
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

Zoom Buys Five9 in $14.7B All-Stock Transaction

  • Source: Al-Mayadeen
  • 19 Jul 2021 16:04
1 Min Read

As competition in the videoconferencing market heats up, Zoom signs an agreement to acquire the cloud-based call center operator Five9 Inc.

  • x
  • Zoom takes over a deal for a cloud software prvider Five9 that is worth 15 billion$.
    Zoom takes over a deal for a cloud software provider Five9 worth 15 billion

Zoom Video Communications Inc. made its largest-ever purchase, a $14.7 billion all-stock deal to buy the cloud-based call center operator Five9 Inc.

According to Axios, this is Zoom's first billion-dollar acquisition and the second-largest American tech deal this year, following Microsoft's $16 billion acquisition of Nuance Communications.

Zoom's buyout price is around 60% higher than the $9.2 billion it was valued at in its 2019 IPO, indicating how favorable the conditions of the public markets and the epidemic have been to the videoconferencing app, according to the same source.

Furthermore, Zoom CEO Eric Yuan said in a statement “We are continuously looking for ways to enhance our platform, and the addition of Five9 is a natural fit that will deliver even more happiness and value to our customers.”

 The deal is projected to close in the first half of 2022. It still needs consent from Five9 shareholders.

  • software provider
  • Five9
  • Microsoft
  • zoom

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