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Zoom buys Five9 in $14.7 billion deal to prepare for a post-pandemic world
CNN
Zoom, the video-conferencing platform that became hugely popular during the Covid-19 pandemic, is spending a whopping $14.7 billion on cloud-based software company Five9 to boost its appeal with business clients.
Zoom (ZM) announced the acquisition Sunday night. In a statement, it said the move will "help enhance Zoom's presence with enterprise customers and allow it to accelerate its long-term growth opportunity." Five9 provides software to customer service centers for over 2,000 clients around the globe.
The retired Air Force general announced as the next chairman of the Joint Chiefs of Staff by President Donald Trump after the abrupt Friday night firing of his predecessor is a respected career F-16 pilot who is described by current and former officials who served with him as a professional with a “strong moral center.”
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Over the past 10 days, Vice President JD Vance put Ukrainian President Volodymyr Zelensky on notice, rattled the confidence of century-old allies in Western Europe during his first foreign trip, decamped to Capitol Hill to help in delicate budget talks and delivered a spirited defense of the Trump administration’s first month to a gathering of conservatives outside the nation’s capital.