Shares & Derivatives
Zoom Makes a Multi-Billion Dollar Acquisition: 3 Highlights for Investors
By The Smart Investor  •  July 25, 2021
Unless you have been living under a rock, Zoom Video Communications (NASDAQ: ZM) should be a familiar name. Chances are, you would have used the company’s video-conferencing services while telecommuting. Demand for video-conferencing tools skyrocketed in 2020 due to the COVID-19 pandemic, and Zoom was the biggest beneficiary of that trend, establishing itself as the default choice for video calls. But the company is ambitious and is planning for more growth. Zoom recently announced a massive multi-billion dollar acquisition. Here are some highlights that investors should know. The acquisition Zoom will be purchasing Five9 (NASDAQ: FINV), a leading provider of cloud contact centre software in an all-stock transaction valued at around US$14.7 billion. Under the proposed plan, Five9 shareholders will receive 0.5533 shares of Zoom for each Five9 share owned, with the acquisition poised to be completed in the first half of 2022. At the time of writing, Zoom’s share price is US$359.23,...
Read the full article
By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance