Zoom Slump Kills Deal

Zoom Video Communications ($ZM@US) saw its stock prices slump recently, causing concern among investors and potential partners. The firm recently made a $15 billion all-stock offer for Five9 ($FIVN@US)–a call center software company. However, drops in Zoom’s stock prices effectively killed the deal. The stock has fallen nearly 30% since July after Zoom didn’t grow as much as analysts anticipated. It also seems like the deal could’ve been dead from the start. Jefferies analyst Samad Samana said, “The deal was negatively perceived from the beginning…ZM’s stock declining 28% since the announcement only compounded the issues.”