Zoom Acquisition of Five9 Collapses After Shareholders Vote it Down

Videoconferencing elephantine Zoom Video Communications and cloud-based interaction halfway bundle institution Five9 person agreed to terminate their merger agreement, the companies said Thursday afternoon. The merger didn’t person capable votes from Five9 shareholders, according the companies, and the institution volition proceed to run arsenic a stand-alone publically traded company.

“The interaction halfway marketplace remains a strategical precedence for Zoom, and we are assured successful our quality to seizure its maturation potential,” said Eric Yuan, CEO and founder...