Zoom takes a big step into artificial intelligence with Five9 acquisition

Artificial Intelligence - Handshake acquisition

The company behind the popular video conferencing app purchased the company for $14.7 billion. Zoom Video Communications Inc, which exploded in popularity during the COVID-19 pandemic, has announced that it has reached an artificial intelligence acquisition deal for Five9 for $14.7 billion. The company has applied its booming stock price to step into a new market to boost revenue. The Five9 artificial intelligence acquisition was an all-stock offer. Its value was $200.18 per share, based on last Friday’s Zoom common stock closing price. Comparatively, Five9’s closing price last Friday was…

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