Call Center Software Firm Five9 Approached on Potential Takeover

December 5, 2023, 10:37 PM UTC

Five9 Inc. said it’s received fresh takeover interest, roughly two years after the call center software provider scrapped a multibillion-dollar takeover by Zoom Video Communications Inc.

Bloomberg News reported Monday that Five9 has been working with advisers as it fields interest from potential buyers. In a statement Tuesday, the San Ramon, California-based company said it “was approached with such an opportunity” but is not pursuing a transaction.

Zoom has held discussions about possibly resurrecting a deal with Five9, which is likely to attract other strategic suitors as well, people with knowledge of the matter said earlier. Shares of Five9, ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.