U.S. government panel reviewing Zoom deal to buy Five9 By Reuters
© Reuters. FILE PHOTO: Small toy figures are seen in front of diplayed Zoom logo in this illustration taken March 19, 2020. 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.
The Aug. 27 letter filed with the Federal Communications Commission said the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector — known as “Team Telecom” — is reviewing to see if the deal “poses a risk to the national security or law enforcement interests.”
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