- July 20, 2021
- Posted by: Stratford Team
- Category: Business
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Zoom Video Communications’ stock price has lost about one-third of its value from its peak in mid-October.
Photo:
Mark Lennihan/Associated Press
July 19, 2021 12:13 pm ET
The pandemic may have made
Zoom Video Communications
ZM -4.36%
into a household name, but the company clearly prefers life at the office—virtual or otherwise.
That was borne out by the 10-year-old company’s first major acquisition, announced late Sunday.
Five9,
FIVN 4.53%
which provides cloud-based software used to run customer contact centers, will become part of Zoom through an all-stock transaction valued at $14.7…
