Zoom Video Communications is no worse off for failing to merge with call-center operator Five9 . At least the whole thing started and finished in just over two months, a stark contrast to doomed mergers like the dalliance between chipmakers Broadcom and Qualcomm in 2017 that dragged on for at least twice as long. But Zoom Chief Executive Eric Yuan may have opened up a vulnerability.
– but they’ve moved a lot since it announced the union in July. The video conferencing firm has lost over $25 billion in market value – around a quarter of its worth – while the MSCI All Countries Americas Software Index is flat. That puts pressure on Yuan to explain his plan for keeping growth motoring without Five9.
If he doesn’t convince, he may get an unwelcome incoming call – from an activist. Yuan holds 30% of Zoom’s vote, but a controlling shareholder didn’t stop Elliott Management from going after online storage firm DropboxOn Twitter
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zoom’s Nearly $15 Billion Acquisition of Five9 Rejected by ShareholdersFive9 said that the deal failed to gain enough votes from its shareholders and that the merger plan had been “terminated by mutual agreement.”
Read more »
I Flat-Out Needed to Hear How This Mom Is Able to Stop Comparing Their Parenting to Others OnlineThe TikTok influencer's response to a comment from a follower who said she feels like a 'horrible mother' compared to them.
Read more »
Ways To Apologize Without Saying SorryThere are hundreds of other ways to show weakness instead of apologizing. Use the following phrases if you constantly find yourself saying “I’m sorry.”
Read more »
Parenting, Baby Names, Celebrities, and Royal News | CafeMom.com
Read more »
Parenting, Baby Names, Celebrities, and Royal News | CafeMom.com
Read more »
Angelina Jolie and The Weeknd Were Photographed Having a 2.5-Hour Dinner at Giorgio BaldiThis is the third time the two have been seen together since July.
Read more »