U.S. Markets open in 6 hrs 51 mins

Microsoft buyout rejection looks wise as Zoom's valuation soars to over $16B after IPO

Cromwell Schubarth
Microsoft buyout rejection looks wise as Zoom's valuation soars to over $16B after IPO

Zoom Video Communications' valuation topped $16 billion on its first day of trading amid reports that Microsoft made many unsuccessful offers to buy the San Jose cloud-based video-conferencing business over the years.