July 19, 2021
Zoom Video Communications, Inc. (NASDAQ: ZM) has announced that it has entered into a definitive agreement to acquire Five9, Inc. (NASDAQ: FIVN), a leading provider of the intelligent cloud contact center, in an all-stock transaction valued at approximately US$14.7 billion. Combining Five9’s Contact Center as a Service (CCaaS) solution with Zoom’s broad communications platform will transform how businesses connect with their customers, building the customer engagement platform of the future.
Latham & Watkins LLP represents Five9 in the transaction with a corporate deal team led by Bay Area partners Tad Freese and Mark Bekheit, with associates Owen Alexander, Lauren Lefcoe, Tara Nair, and Melinda Vanderburg. Advice was also provided on tax matters by Bay Area partner Grace Lee, with associate Jacob Meninga; on benefits and compensation matters by Bay Area partner Ashley Wagner, with associate James Robinson; on antitrust matters by Washington, D.C. partner Amanda Reeves and Bay Area partner Kelly Smith Fayne, with associates Joy Dineo and Sebastian Sohn; on intellectual property matters by Bay Area partner Anthony Klein, with associate Amy Dippolito; on finance matters by New York partner Reza Mojtabaee-Zamani, with associate Jack Neff; on data privacy matters by Bay Area counsel Robert Blamires, with associate Samantha Maerz-Boening; on FCPA and anticorruption matters by Washington, D.C. partner Erin Brown Jones; and on export controls matters by associates C.J. Rydberg and Andrew Galdes.