Zoom (ZM), Five9 (FIVN) Terminate Merger

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Go back to Zoom (ZM), Five9 (FIVN) Terminate Merger

Zoom Announces Termination of Merger Agreement with Five9

September 30, 2021 6:52 PM EDT

SAN JOSE, Calif., Sept. 30, 2021 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM) today announced that Zoom and Five9 have mutually terminated the merger agreement executed by the parties on July 16, 2021.

At Five9s special meeting of stockholders held on September 30, 2021, Five9 did not obtain the requisite stockholder support for the merger agreement. As a result, Zoom and Five9 each had the ability to terminate the merger agreement.

While we were excited about the benefits this transaction would bring to both Zoom and Five9 stakeholders, including the long-term potential for both... More