Zoom faces US security review of US$14.7 billion deal for Five9 over China ties

Source: Tech – South China Morning PostThe US Department of Justice has called for a review of Zoom Video Communications’ planned US$14.7 billion acquisition of cloud-based customer service provider Five9 on national security grounds.The review comes as Institutional Shareholder Services, an influential proxy voting adviser, recommended last week that investors reject the deal in part because of potential political risk associated with Zoom’s “substantial operations in China”.In its letter to the Federal Communications Commission …Read More

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