Shares of Five9, Inc. (FIVN) are up more than 4% Monday morning at $184.34.
Sunday, the cloud software provider announced that it has agreed to be bought by Zoom Video Communications, Inc. (ZM) in an all-stock transaction valued about $14.7 billion.
As per the deal, Five9 stockholders will receive 0.5533 Class A shares of Zoom for each Five9 share they own based on the closing price of Zoom share as of July 16. This represents a per share price of $200.28 for Five9.
Upon closing the deal, which is expected in the first half of 2022, Five9 will be an operating unit of Zoom.
FIVN has traded in the range of $107.77- $201.75 in the past 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.