Not every deal is consummated. Zoom announced that it will not complete its planned purchase of cloud contact center company Five9 after Five9’s shareholders rejected the all-stock offer. The value was $14.7 billion when the agreement was announced in July, but Zoom’s stock price is now about 30% lower.
Cloud communications vendor Sinch has expanded into email with the purchase of Pathwire, which owns email delivery companies Mailgun, Mailjet, and Email on Acid. Price was $925 million in cash and $1 billion in Sinch stock, or about 14x Pathwire’s $132 million revenue. The deal is Sinch’s fourth acquisition this year, including messaging platforms MessageMedia ($1.3 billion) and MessengerPeople ($55 million) and voice interconnection provider Inteliquent ($1.9 billion).
App store revenue streams keep springing new leaks. The latest is at Google Cloud marketplace, which will reportedly cut its revenue share from 20% to 3%. The Cloud marketplace is separate from the Play Store for android apps, which already reduced its revenue share in July, following a similar cut by Apple. Microsoft cut the Windows app store share of game purchase revenue in August, and just announced its app store will now allow third party storefronts.
The U.S. Senate has passed a bill that could potentially ban TikTok in the U.S. if its Chinese owner, ByteDance, does not sell its holdings within a year. The bill now goes to the President Biden, who has said he will sign it. Court challenges are likely to follow.