What the Zoom-Five9 Deal Says About the Nasdaq's Future
The stock market has been on edge for the past week, and on Monday, stocks pulled back sharply. The Nasdaq Composite (NASDAQINDEX: ^IXIC) actually held up well, falling a bit more than 1% as of noon EDT. Several other major market indexes saw larger declines.
Merger and acquisition activity has increased dramatically in the past year, and on Monday, investors got interesting news from video collaboration specialist Zoom Video Communications (NASDAQ: ZM). Shareholders in Five9 (NASDAQ: FIVN) are quite happy that Zoom has made an acquisition bid for the cloud-based contact center specialist. However, some of the details have to make investors wonder what the deal says more broadly about the Nasdaq and its future course.
Image source: Zoom Video Communications.
Source Fool.com
