Five9 considering options for a sale- Bloomberg News (updated)
04/12/2023 20:32
(Adds details from the report)
Dec 4 (Reuters) - Call center software firm Five9
FIVN.O is weighing options for a sale, more than two years
after a buyout by Zoom Video Communications ZM.O failed,
Bloomberg News reported on Monday.
Five9 is working with advisers as it seeks to gauge interest
from potential buyers, the report added, citing people familiar
with the matter.
Bloomberg said the company already held discussions with
Zoom about possibly resurrecting a deal and is likely to attract
other strategic suitors.
The virtual meeting giant abandoned its $14.7 billion
acquisition of the company in October 2021 after Five9's
shareholders voted against the deal.
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Maju
Samuel)
((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))