Will videoconferencing giant Zoom have to give up on acquiring customer service specialist Five9?
This $ 15 billion mega-acquisition, announced in July 2021, which must be approved by Five9 shareholders, is currently under scrutiny by US authorities.
The
Wall Street Journal
revealed that the Foreign Telecom Sector Audit Committee, previously known as "Team Telecom," had taken up the case at the request of the Justice Department.
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"The Department of Justice asks the Committee to verify whether this acquisition (of Five9) poses a risk to national security or to the interests of the United States"
, indicates a letter sent on August 27 to the Federal Communications Commission (FCC) , the telecoms regulator.
If he doesn't write it down explicitly, the Justice Department is concerned about Zoom's supposed ties to China.
Its founder, Eric Yuan, grew up in this country and emigrated to
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