Proxy advisory company Institutional Shareholder Services had recommended shareholders vote down the proposal, CNBC reported Sept. While some large tech acquisitions, most notably in the semiconductor industry, have been nixed of late by regulators, it's highly unusual for companies to willingly terminate their own deal. But Zoom said last week, when news of the review was reported, that it still expected the deal to close in the first half of 2022. 27 that was sent to the Federal Communications Commission. Department of Justice was reviewing the deal out of concern about potential foreign participation, according to a letter dated Aug. Thousands of new, high-quality pictures added every day. "That said, it was in no way foundational to the success of our platform, nor was it the only way for us to offer our customers a compelling contact center solution."Ī branch of the U.S. Find Zoom stock images in HD and millions of other royalty-free stock photos, illustrations and vectors in the Shutterstock collection.
Five9 shares fell 2% in extended trading following the statement from the companies.īuying Five9 "presented an attractive means to bring to our customers an integrated contact center offering," Eric Yuan, Zoom's founder and CEO, wrote in a blog post.
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