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On Sunday, Zoom declared that it’s purchasing Five9, a cloud contact center software server, in an overall stock transaction pricing the organization at $14.7 billion. Zoom’s first billion-dollar accession was signified by this deal and arrives as the organization arranges for a post-pandemic world with workers are rejoining the office. According to FactSet, it is this year’s second massive U.S. tech deal after Microsoft’s scheduled $16 billion buying of Nuance Communications.  Ipad App Development Services

The CEO of Zoom, Eric Yuan said in a press release that “we are continuously looking for ways to enhance our platform and the addition of Five9 is a natural fit that will deliver even more happiness and value to our customers.” On Friday, Five9 shut down with a huge market capital of $11.9 billion, or $177.60 a share. Zoom has stated that Five9 stockholders will get 0.5533 Zoom Video Communications shares for every single Five9 share. It will value Five9 at $200.28 a share, which is nearly 14% of Zoom’s total market capitalization of nearly $107 billion and it represents a 13% premium. 

he Founder and Chief Executiveof Zoom Video Communications Inc. Eric Yuan Attempts Initial Public Offering (IPO)

Zoom has been recognized among the leading development stories in the last 16 months after the COVID-19 happened which makes offices a sudden shutdown all over the world. It also forces employees in retail, law offices, finances, and tech sectors to get in touch with their organizations from remote places. 

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