Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., speaks during the BoxWorks 2019 Conference at the Moscone Center in San Francisco, California, U.S., on Thursday, Oct. 3, 2019.
Michael Short | Bloomberg | Getty Images
Cloud contact center software company Five9 and video calling software maker Zoom said Thursday they will not go forward with Zoom’s plan to acquire Five9 for $14.7 billion.
Five9 shares fell 2% in extended trading following the statement from the companies, which said the agreement didn’t receive enough votes from Five9 shareholders.
The news comes one week after media outlets reported that a U.S. government committee was reviewing the deal on national-security grounds.
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