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Equity

Why did the Zoom-Five9 deal eat %#*& and die?

Equity

TechCrunch

News, Business, Entrepreneurship, Business News, Technology

4.2372 Ratings

🗓️ 2 October 2021

⏱️ 24 minutes

🧾️ Download transcript

Summary

To cap the week off, Danny and Alex and Chris got together live on Twitter to chat through the demise of the Zoom-Five9 deal. Those of you who remember how recently the deal was announced are likely a little surprised -- how did it fall apart so quickly? Well, a few reasons: There could be inherent risk in all-stock transactions provided a rapidly-changing market. It may be the case that Zoom simply did not bid enough for Five9. And there's a mix of anti-trust and national regulatory issues to the deal that never got fully hammered out. So, you can pick your poison, even though the answer appears to be some of each above point. https://techcrunch.com/2021/07/19/the-zoom-five9-deal-is-a-big-bet-for-the-video-conferencing-company/ Those of you who caught the Friday episode will wonder, and fairly, what the end of the Zoom-Five9 deal will have on other M&A activity. We talked about it. That's enough for now. Hit play and have a laugh with us. Thanks for sticking with the show! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and I'm

0:01.0

welcome back to Equity.

0:02.0

My name is Danny and I have Danny Criden here this is an

0:15.2

Equity shot one of our single topic little throwaway shows we do with news breaks

0:19.2

that we cannot shut up about Danny one, one, how high

0:22.6

are you that it's Friday, and two, how high

0:25.2

for you to talk about Zoom?

0:27.4

I am way happier than the five-nine shareholders are right about now.

0:31.3

Well, that's not saying that much. you're kind of medium then I take it?

0:35.2

I would like to have had a lot of cheap Zoom stock and I did not get that today so instead

0:40.5

I'm having a a T. All right.

0:43.0

That was my attempt at asking Denny a human question apart from the topic at hand, which he rejected twice.

0:48.0

So I think we can move on in...

0:50.0

I think that's the generalized artificial intelligence that runs my brain.

0:53.0

Yeah, it's not a process your comments.

0:55.0

It's not GPT 3, it's just GPT Danny.

0:58.0

Anyways, no, we are here because Zoom tried to buy 5-9.

1:02.0

The deal was announced,

1:03.7

it looked a little cheap, and then the deal fell apart.

1:06.7

This came out last night.

1:08.2

We are here as soon as we could kind of get the troops together.

1:10.9

Danny, first of all, how frequently do we see deals worth $10 billion or more fall apart

...

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