Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, July 30, 2021

Article Excerpt

ZOOM VIDEO COMMUNICATIONS INC., $378.10, symbol ZM on Nasdaq, provides a cloud-based video communications platform to connect users—on various devices and in different locations—for a single online meeting. Zoom was founded in 2011 and is headquartered in San Jose, California. The company went public in April 2019 at $36 a share. Zoom is a popular choice because its multiparty video conference platform is easy to use, can be accessed through any type of device, and is offered as a free service. The company makes its money by converting satisfied users into paid subscribers. Its paid plans offer greater flexibility and more features. On July 19, 2021, Zoom announced it would buy Five9 Inc. (symbol FIVN on Nasdaq), a cloud-based call centre software provider, for $14.9 billion. The acquisition is the company’s fourth since the beginning of the pandemic and its largest ever. Five9’s customers include Under Armour, Lululemon, Citrix and Athena Health. Five9, based in San Ramon, California, makes cloud-based software that uses…