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Zoom, Five9 to Terminate Nearly $15 Billion Deal After Shareholder Vote

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4 years ago

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Zoom, Five9 to Terminate Nearly Billion Deal After Shareholder Vote

Five9 shareholders voted to reject the call center software company’s $14.7 billion (approximately 1,0926 million rupees) sale to Zoom.

Five9 shareholders voted Thursday to reject the call center software company’s sale to Zoom Video for US$14.7 billion (approximately 1,0926 million rupees), which dealt a major blow to Zoom’s plans to expand its products after the pandemic. After the agency advisory firm Institutional Shareholder Services (ISS) and Glass Lewis advised Five9 shareholders to vote against the transaction earlier this month, Zoom’s largest acquisition in history was terminated, citing growth concerns and dual equity. According to the terms of the transaction announced in July, Five9 shareholders will receive 0.5533 shares of Zoom for every purchase of Five9 stock. These terms imply a 12.8% premium to Five9’s market price, and value the company at US$14.7 billion (approximately Rs 1092.6 billion).

Since then, Zoom’s stock price has fallen by more than 25% as the virtual meeting giant reported slowing growth during the second quarter earnings call. Towards a post-pandemic environment,” the International Space Station said in a report earlier this month. Five9, headquartered in San Ramon, California, said that the merger agreement did not receive enough shareholder approval votes and it will continue to operate as an independent public company. On Thursday, Zoom CEO Eric Yuan said that Five9 provides an attractive way to provide customers with integrated contact center products.

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“In other words, this is by no means the basis for the success of our platform, nor is it that we provide our customers with compelling contact center solutions,” Yuan added. The company said it will launch its cloud-based contact center solution, Zoom Video Engagement Center, in early 2022. Five9 said it will continue its partnership with Zoom, which was in place before the announcement. As the pandemic suppresses events and companies and schools adopt its services to host virtual courses and office meetings, Zoom has become a household name and a favorite of investors. But with the rapid vaccination and the gradual return of life to normal, Zoom is looking for sources of income outside of its core video conferencing business, which faces fierce competition from competitors Microsoft, Cisco Systems, and Salesforce’s Slack.

According to a letter submitted to U.S. regulators, a committee led by the U.S. Department of Justice has been reviewing Zoom’s proposal to acquire Five9 for possible national security issues, but analysts said last week that the transaction is unlikely to be compromised. Cancel. In recent years, Zoom’s ties with China have received close attention. Five9’s share price has risen 19.3% since the deal was announced in July, but fell 1.1% to US$157.9 (approximately Rs 11,740) in an extended transaction on Thursday.

News Source : Gadgets 360

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YouTube

YouTube marks 20th anniversary by launching new useful features What’s new

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16 hours ago

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April 24, 2025

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YouTube marks 20th anniversary by launching new useful features What’s new

YouTube has celebrated its 20th anniversary with several new features, including functional upgrades and new features for YouTube TV. The platform has introduced personalised radio stations via Ask Music, which is available to YouTube Premium and YouTube Music users on both iOS and Android devices. Additionally, YouTube is rolling out the ability to fast-forward.

YouTube TV members will gain the ability to build their own multiview experiences, starting with a selection of non-sports content from a small group of popular channels. The platform is introducing improved navigation, better playback quality, and easier access to features such as comments, channel information, and more through videos at 4x speed, providing more.

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  1. Delete Unnecessary Emails: Regularly clearing unwanted emails helps maintain storage. Open Gmail in your browser or mobile device, go to your Inbox, Social, or Spam folder, filter messages, select emails to delete or check the box to select all emails in the folder, and click the “Delete” button. The emails will be moved to the Trash folder Empty Your Spam and Trash Folders: If deleted emails remain in your Trash.
  2. Unsubscribe from Unwanted Emails: Open a promotional email and click “Unsubscribe” at the bottom of the email to reduce future accumulation April 2025 — YouTube, the world’s largest video-sharing platform, is celebrating its 20th anniversary with the launch of several innovative features aimed at enhancing user experience, empowering creators, and embracing the future of digital content.

  3. 1. AI-Powered Video Summaries
    One of the most anticipated features is AI-generated video summaries, which will now appear below eligible videos. This allows viewers to preview content quickly and decide whether to watch the full video. The summaries are automatically created using advanced natural language processing and are designed to boost discoverability and engagement.

  4. 2. “Jump Ahead” Smart Chapters
    YouTube is introducing smart chapters with “Jump Ahead” capabilities, allowing viewers to skip to the most engaging parts of videos based on audience retention data. The feature leverages machine learning to identify sections that retain viewers the most and gives users a prompt to “Jump Ahead” with a single tap.

  5. 3. Creator Insights Dashboard Upgrade
    For content creators, YouTube has upgraded its Creator Studio Dashboard with enhanced real-time analytics, audience mood tracking, and AI-suggested titles and tags. The platform’s algorithms now offer dynamic suggestions for improving performance, personalized for each creator’s channel and content style.

  6. 4. YouTube Create App Expansion
    Following positive feedback from beta users, YouTube is officially rolling out the YouTube Create app in over 30 new countries. This free mobile video editing tool includes features like auto-captions, royalty-free music, filters, and multi-clip editing — giving creators more control without the need for expensive software.

  7. 5. Enhanced Live Shopping Tools
    With e-commerce booming, YouTube is expanding its Live Shopping tools, allowing creators to tag mini-social network within the platform. These tools are products, integrate affiliate links, and host shoppable livestreams with real-time viewer interaction. The new update supports multi-vendor support, making collaborations with brands smoother and more profitable.

  8. 6. Smart TV Upgrades
    YouTube is giving its TV interface a refresh, introducing a sleeker design with quicker access to playlists, subscriptions, and smart recommendations. A new “Ambient Mode interactive content suggestions and previews when the app is idle, turning the TV into a dynamic home hub for entertainment.

  9. 7. Community Tab Enhancements
    To improve engagement, YouTube is enhancing its Community Tab with interactive stickers, polls, countdowns, and quizzes — turning it into a mini-social network within the platform. These tools are aimed at helping creators keep their audience involved even between video uploads.
  • Group Media Publication
  1. Construction, Infrastructure and Mining   
  2. General News Platforms – IHTLive.com
  3. Entertainment News Platforms – https://anyflix.in/

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