Five9 Explores Sale Options Amidst Takeover Interest and Stock Price Decline
Cloud-based software provider Five9 is reportedly considering options for a sale, more than two years after a failed buyout by Zoom Video Communications. Five9's shares rose over 7% following the news, giving it a market capitalization of $6.2 billion. The company is working with advisers to gauge interest from potential buyers and has already held discussions with Zoom about possibly resurrecting a deal. However, there is no certainty that the deliberations will result in a sale.