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U.S. Regulators Begin Reviewing of Zoom’s $14.7 Billion Five9 Acquisition

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Yusuf Balogun
Yusuf Balogun
Yusuf is an aspiring Journalist and Health law expert with a special focus on technology innovations. He is a writer at Right for Education, Libertist Centre for Education, Qwenu, and Editor at Gamji Press, UDUS.

The United States of America regulators have commenced the reviewing of Zoom’s $14.7 billion acquisition of smart cloud center provider Five9, in line with the document submitted to the team.

The Department of Justice is investigating whether the transaction is on the country’s records or threats to national security or law enforcement.

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According to data, Zoom agreed to buy Five9, a smart cloud center provider, for US$14.7 billion in July of this year, making it the company’s largest acquisition ever.

Zoom will enter a US$24 bill central market as a result of the acquisition, and it will be able to better collaborate with RingCentral Inc., which competes with companies that attract global users through the Internet.

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Many consultants are now advising Five9 shareholders to vote against the acquisition, claiming that Zoom’s growth prospects will inevitably slow as the epidemic subsides.

The board of directors of Five9 has stated that they are aware of the dangers. According to James Fish, a senior research analyst at Piper Sandler & Co., after speaking with many Five9 investors, Zoom may have to raise the purchase price due to the uncertainty of the transaction’s prospects and the transaction’s repeated investor support.

According to reports, the acquisition of Zoom and Five9 will be possible only after the review is completed.

Zoom stated that it has submitted documents to regulators and that the approval process is proceeding as planned, with approval expected in the first half of next year.

 

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