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Five9 rose more than 10% in premarket trading

Tiger Newspress2021-07-19

(July 19) Five9 rose more than 10% in premarket trading. Zoom to buy cloud sTiger Newspressoftware provider Five9 in $15 billion deal.

Teleconferencing services provider Zoom Video Communications Inc has struck a deal to buy cloud software provider Five9 Inc in an all-stock transaction valued at about $14.7 billion, the company said on Sunday.

Five9 will become an operating unit of Zoom and its chief executive, Rowan Trollope, will become a president of Zoom and stay on as chief of the unit after the deal, which is expected to close in the first half of 2022, it said in a statement.

Under the pact, approved by the boards of both companies, Five9 stockholders will receive 0.5533 shares of Class A common stock of Zoom for each share of Five9, it added.

Based on the July 16 closing share price of Zoom Class A common stock, this represents a price of $200.28 for each share of Five9 common stock, and an implied deal value of about $14.7 billion.

Zoom has become a household name and investor favorite in the year since the coronavirus pandemic, as businesses and schools adopted its services to hold virtual classes, office meets and socialise.

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Comment25

  • Darkmaster
    ·2021-07-19
    Like
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  • Meshaarias72
    ·2021-07-19
    Loke n comment pls
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    • PohYew
      done
      2021-07-19
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  • Linh2
    ·2021-07-19
    ok
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  • CY123
    ·2021-07-19
    Like n comment please 
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  • AndrewL
    ·2021-07-19
    Hope is bullish today. ?
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    • Hesliut
      Hopefully
      2021-07-19
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  • DMC8
    ·2021-07-19
    Wow ? 
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  • Joe0319
    ·2021-07-19
    You like me i like you
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    • koolgalReplying toJoe0319
      Welcome
      2021-07-20
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    • Joe0319
      thank u
      2021-07-20
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    • koolgal
      OK agree
      2021-07-20
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    View more 2 comments
  • Mml
    ·2021-07-19
    Informative 
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    • Mml
      Pls help to like
      2021-07-19
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  • dahae
    ·2021-07-19
    a
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    • dahae
      a
      2021-07-19
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  • koolgal
    ·2021-07-19
    It's pay day for Five9 share investors!  Let's celebrate! 
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  • HoSeyLiao48
    ·2021-07-19
    Wow didn't get my bullet ready yet[流淚] [捂臉] 
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    • CY123
      Good
      2021-07-19
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    • Jkrapido
      K
      2021-07-19
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  • psbrar
    ·2021-07-19
    Once covid is endemic people still prefer to go back the old ways....long-term hard to support 
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  • mh123
    ·2021-07-19
    nice
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  • mh123
    ·2021-07-19
    wow
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    • Linh2
      good
      2021-07-19
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  • egbloper
    ·2021-07-19
    Will end the day lower though
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    • dception
      oh man
      2021-07-19
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  • HoSeyLiao48
    ·2021-07-19
    Aiya I too slow[流淚] [捂臉] 
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  • crystaly
    ·2021-07-19
    Wow
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  • 23b51218
    ·2021-07-19
    Thanks!
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  • MrMrsBean
    ·2021-07-19
    Please like and comment. Thanks. 
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    • Sharon87
      Please like n comment back
      2021-07-19
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    • MrTao
      Done
      2021-07-19
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  • mjvelonza
    ·2021-07-19
    Pre market and when market just open will be high. After a while will dip before probably going up again. ??‍♀️
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    • egbloper
      sell immediately
      2021-07-19
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