Zoom, Five9 Terminate $14.7 Bln Merger Deal

(RTTNews) - Zoom Video Communications Inc. (ZM) and Five9 Inc. (FIVN) have terminated their $14.7 billion merger agreement, as Five9 did not obtain the requisite stockholder support for the agreement.

Five9 said it will continue to operate as a standalone publicly traded company.

The companies will continue the partnership that was in place prior to the merger announcement, which includes support for integrations between their respective Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) solutions and joint go-to-market efforts, Five9 said in a statement.

In July, Zoom agreed to buy Five9, a provider of the intelligent cloud contact center, in an all-stock transaction valued at about $14.7 billion. The deal was anticipated to close in the first half of calendar year 2022.