Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Zoom, the video teleconferencing software program company, announced on Sunday, July 18, that it is acquiring Five9, a software company based in California. It was shared that the deal that cost $14.7 billion is an all-stock transaction.
Zoom’s biggest transaction yet
As per CNBC, the acquisition agreement is Zoom’s very first acquisition amounting to billions. The purchase was said to have been made as the firm prepares for a post-pandemic business operation with its employees coming back to work in the office.
The deal is also said to be the second biggest in the U.S. this year, in the technology sector. It is just behind Microsoft that is planning to buy Nuance Communications, the Massachusetts-based computer software technology corporation, for $16 billion.
Zoom’s chief executive officer, Eric Yuan, said that the decision to buy Five9 was made as the company wants to further improve its services. He added that they are continuously looking for ways to magnify their platform, and Five9 is a natural fit for their goal to deliver more happiness and value to their patrons.
“Businesses spend significant resources annually on their contact centers, but still struggle to deliver a seamless experience for their customers,” Five9’s chief executive officer, Rowan Trollope, further said in a press release. “It has always been Five9’s mission to make it easy for businesses to fix that problem and engage with their customers in a more meaningful and efficient way.”
Zoom and Five9’s agreement and background
On Friday’s stock ratings, Five9 closed with a market cap of $11.9 billion, which is equivalent to $177.60 per share. As part of the deal, Zoom confirmed that Five9 stockholders would be given 0.5533 shares of Zoom Video Communications for every Five9 share. This arrangement values the California-headquartered firm at $200.28 per share.
Meanwhile, it was revealed that the acquisition just brought two former Cisco executives together again. It turned out that the CEOs of Zoom and Five9 had worked for the same company before they launched their own firms.
Before he founded Zoom in 2011, Yuan helped build WebEx, a firm that was purchased by Cisco in 2007, and he stayed there for about four years. On the other hand, Trollope also worked for Cisco from 2012 to 2018.
