Natural fit: A Zoom call in progress. The company is looking for ways to keep growing as workers in some countries return to the office and schools reopen. — AP
NEW YORK: Zoom Video Communications Inc has agreed to acquire Five9 Inc for US$14.7bil (RM61.98bil) in its largest-ever acquisition, targeting a call centre provider to bolster its popular video conference app against stiffening competition.
Zoom will use its surging stock to pay for the deal, giving Five9 investors 0.5533 shares of its Class A common stock under an agreement.
