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U.S. government panel reviewing Zoom deal to buy Five9 By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: This image taken March 19, 2020 shows small toy characters standing in front the Zoom logo. REUTERS/Dado Ruvic/Illustration/File Photo

WASHINGTON (Reuters) – A U.S. Justice Department-led committee is reviewing Zoom Video Communications (NASDAQ:) Inc’s proposed $15 billion all-stock deal to buy cloud-based call center operator Five9 (NASDAQ:) Inc, according to a letter filed with U.S. regulators.

According to a letter sent to the Federal Communications Commission on August 27, the Committee for the Assessment of Foreign Participation (also known as Team Telecom) is looking into the proposed $15 billion all-stock deal to buy cloud-based call center operator Five9 (NASDAQ:) Inc.

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