Rejected: Five9 shareholders advised against Zoom acquisition offer

CPI reported in July that Zoom had offered to buy the cloud-based call centre operator for almost $15bn

Kelsey Rees
clock • 1 min read
Rejected: Five9 shareholders advised against Zoom acquisition offer

Proxy advisory firm Institutional Shareholder Services (ISS) has told Five9 investors to reject Zoom's acquisition bid. The video platform giant made an offer of $14.7bn (€12.4bn) to buy Five9 in July. Zoom said combining Five9's Contact Centre as a Service ("CCaaS") solution with its communications platform would transform how businesses connect with their customers, building the customer engagement platform of the future. However, according to reports from Reuters, ISS recommended on Friday...

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