Cloud-based call center operator Five9 Inc said on Thursday that its merger with Zoom Video Communications Inc has been terminated by mutual agreement. The development comes a week after a U.S. Justice Department-led committee was reviewing Zoom’s proposed $15 billion all-stock deal to buy Five9, according to a letter filed with U.S. regulators. The Aug. 27 letter filed with the Federal Communications Commission said the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector was reviewing to see if the deal “poses a risk to the national security or law enforcement interests”.
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