Five9 and Zoom Agree to Terminate Merger Agreement
01 October 2021 - 9:13AM
Dow Jones News
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)
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