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Zoom Is in Talks to Invest in Cvent Blank-Check Deal

  • Zoom is negotiating to take a roughly 10% portion of the PIPE
  • Investment would come on the heels of its Five9 acquisition
Zoom Video Communications Application Ahead Of Earnings Figures
Photographer: Tiffany Hagler-Geard/Bloomberg
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Zoom Video Communications Inc. is in talks to invest in the blank-check deal that would take event-management software company Cvent public, according to people familiar with the matter.

Dragoneer Growth Opportunities Corp. II is in discussions with potential investors including the video-chat platform about a private placement to support a deal with Cvent, said the people, who asked to not be identified because the matter isn’t public.