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Five9 Inc. (NASDAQ:FIVN) rose 7.4% amid a report that the call center software provider is evaluating a possible sale.
Five9 (FIVN) is working with advisers as it tries to gauge interest from potential buyers, according to a Bloomberg report on Monday, which cited people familiar with the matter.
The report come a little bit more than two years after the Five9 (FIVN) called off a deal to be sold to Zoom (NASDAQ:ZM) after it didn’t receive enough support from shareholders for its planned sale. Zoom agreed to acquire cloud contact center provider Five9 in an all-stock deal that values the company at ~$14.7 billion in July 2021.
Zoom (ZM) has already had discussions with Five9 (FIVN) about resurrecting a transaction, according to the Bloomberg report. Deliberations are ongoing and there’s no certainty that a transaction will come to fruition. Five9 has a current market cap of $5.8 billion, while Zoom is valued at $21.4 billion.
Zoom (ZM) is scheduled to present at the Barclays Global Technology Conference on Wednesday, while Five9 (FIVN) will present on Thursday.
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