(Reuters) -Five9 is weighing options for a sale, more than two years after a buyout by Zoom Video Communications failed, Bloomberg News reported on Monday, citing people familiar with the matter.
Call center software firm Five9’s shares rose nearly 12% following the news.
Zoom and Five9 did not immediately respond to Reuters’ request for a comment.
Five9 is working with advisers to gauge interest from potential buyers, the report added, adding that the company had already held discussions with Zoom about possibly resurrecting a deal and is likely to attract other strategic suitors.
Deliberations were ongoing and there’s no certainty they will result in a sale, the report added.
Virtual meeting company Zoom 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 and Shinjini Ganguli)
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Source: The Print
