Zoom, the videoconferencing company whose growth was supercharged by the pandemic over the past year, will buy the cloud call center company
That is far greater than Zoom's market valuation a little over two years ago when it went public for slightly more than
Zoom founder and CEO
The size of the deal would have seemed unthinkable when
Its stock, which could be bought for less than
There was indications that Zoom might be in the hunt for acquisitions early this year that would accommodate more growth. In January, the company announced a secondary offering of shares that could raise up to
Shares dipped almost 4% at the opening bell Monday, trading for
Shareholders of
The deal is expected to close in the first half of 2022. It still needs approval from
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