Yuan added that it also the deal also complements the Zoom Phone, a cloud phone system that is seeing strong demand. Shareholders of Five9 Inc. stockholders will receive 0.5533 shares of Class A common stock of Zoom for each share of Five9. Based on Zoom's closing price on Friday, this represents a per share price for Five9 common stock of $200.28. Five9 will become a unit of Zoom once the transaction closes. Rowan Trollope will become a president of Zoom and continue as Five9 CEO.

Source: ABC News July 19, 2021 12:45 UTC