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Zoom’s multi-billion dollar takeover of 59 is off

Top rated video clip conferencing company Zoom will not be shopping for 59 following the two providers have confirmed the acquisition deal they’d been preparing because July has fallen by following 59’s shareholders resolved to reject the offer.

Zoom had available 59 a $14.7 billion all-stock deal, which the latter had utilized proxy advisory company Institutional Shareholder Companies, to analyze – and roughly two months ago, the business suggested Five9 to turn the deal down.

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