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Zoom To Buy Cloud Software Provider Five9 In $14.7 Bln Stock-for-Stock Deal

Zoom Video Communications Inc. (ZM) agreed to buy Five9 Inc. (FIVN), a provider of the intelligent cloud contact center, in an all-stock transaction valued at about $14.7 billion.

Rowan Trollope, Chief Executive Officer of Five9, will become a President of Zoom and continue as CEO of Five9, Zoom said in a statement on Sunday.

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by RTTNews Staff Writer

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