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Zoom overtaken by its alleged links with China

2021-09-22T19:01:30.035Z

Its $ 15 billion buyout of Five9 is under review by US authorities. 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 re



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.

Read also

Zoom plunges into the stock market with the expected end of confinements

"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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Source: lefigaro

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