Five9 shares soar after report about sale exploration

Five9

04/12/2023 20:53

** Shares in Five9 Inc up 6.7% at $84.95 after rising as high as
$92.40 with volume spiking higher after a report that the call
center software company was in talks to resurrect a failed deal
with Zoom Video communications  ZM.O 
    ** Citing unnamed people with knowledge of the matter,
Bloomberg reported that FIVN has been exploring a potential
sale, over two years after it a multibillion-dollar take over by
Zoom failed. FIVN has held discussions with Zoom about possibly
rekindling a deal between the two. 
    ** Zoom shares were volatile after the report, last down
3.1% at $68.09 after falling as low as $65.60 and rising as high
as $70.26 with volume spiking higher
    ** FIVN did not immediately respond to a request for
comment, nor did Zoom

 (Reporting By Sinéad Carew, Arsheeya Singh Bajwa)
 ((sinead.carew@thomsonreuters.com; +13322191897;))