Zoom plans to buy Five9 for $ 14.7 billion

The video conference service Zoom wants to position itself even more broadly in the future. The largest acquisition in the company’s history to date is to be made for this purpose.

For 14.7 billion US dollars (around 12.5 billion euros) Zoom wants to buy the US company Five9, a cloud software provider for customer communications, in a deal financed with its own shares, like the one Videoconferencing service announced on Monday night in San Jose. Five9 management is behind the deal.

The company plans to give Five9 shareholders 0.5533 Zoom shares for one share of its own . A share of Five9 is valued at $ 200.28, on Friday the stock closed at $ 177.60. The shareholders have yet to approve the transaction. Zoom hopes for a deal in the first half of 2022. The acquisition is primarily intended to help with the further expansion of Zoom Phone, a cloud telephone system for companies.

Zoom itself has been listed on the stock market since April 2019. The valuation at the IPO was just nine billion dollars. But the papers were in demand from the start and the corona pandemic has accelerated its soaring. Zoom now has a market capitalization of just under $ 107 billion. dpa

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