Zoom to Acquire Five9 for $14.7 Billion

Zoom Video Communications Inc. plans to buy Five9 Inc., a cloud-based customer service software company, in a $14.7 billion acquisition. Zoom has become well-known video conferencing software since the COVID-19 pandemic shifted the workforce to a remote environment and as schools began to rely on online learning. Since then, the valuation of Zoom stocks has more than tripled, however, as the pandemic comes to a close Zoom is finding ways to offer customized and personalized experiences to their customers

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Tencent Betting Billions on Gaming

Tencent has struck a nearly $1.2 billion (£919 million) deal to buy the UK games developer Sumo as the Chinese tech company continues its multi-year-long gaming acquisition spree. Sumo, which was founded in Yorkshire in 2003, has developed games for Sony, Microsoft, and Sega including installments of the Forza, Hitman, Sonic, and LittleBigPlanet franchises

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Robinhood's $35 Billion IPO

A filing released Monday by the SEC has stated that Robinhood will be seeking a market valuation of $35 billion in its initial public offering. Robinhood had a market valuation of $11.7 billion as of September of 2020

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OPEC Deal Reached

After continuous uncertainty, the OPEC+ nations were finally able to reach a deal about oil production in which Russia and Riyadh capitalized on the United Arab Emirates (UAE) demand for higher quotas

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Dow Drops 800 Points as Investors Into Bonds

Stocks, oil prices, and government bond yields slid today as anxiety mounted over the spread of the Delta coronavirus variant and its potential impact on the global economy. The Dow Jones Industrial Average slumped 830 points, or 2.4%, in midday trading, putting the index on track for its worst one-day drop since October

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