Watching Five9; Traders Circulating Unconfirmed Seeking Alpha Post Suggesting "Zoom On Tuesday Said On A Bus Tour That The Company Isn't Interested In Acquiring Five9 And They Want To Build Themselves"
Portfolio Pulse from Benzinga Newsdesk
Traders are circulating an unconfirmed Seeking Alpha post indicating that Zoom Video Communications is not interested in acquiring Five9. The post suggests that Zoom expressed this sentiment during a bus tour on Tuesday, stating a preference to build independently rather than pursue an acquisition of Five9.
December 05, 2023 | 5:49 pm
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Five9's stock may be impacted by rumors that Zoom is not interested in acquiring the company, as previously speculated.
The unconfirmed report, if true, could lead to a negative sentiment among investors who may have anticipated a premium on Five9's stock from a potential acquisition by Zoom. This could result in a short-term decline in Five9's stock price.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80