8x8 completes $250M acquisition of Fuze, expanding enterprise cloud communications platform

8X8 INC /DE/

Aggregate purchase price of approx. $250 million in stock and cash, subject to adjustments.
Fuze shareholders receive 8x8 common stock (accredited) or cash (non-accredited); Fuze options cancelled.
Acquisition accelerates 8x8 XCaaS offering and extends enterprise customer base and global presence.
8x8 CEO Dave Sipes says combined platform supports Fuze customers and drives toward $1B revenue SaaS target.
Resale registration statement for shares of 8x8 common stock issued to Fuze holders to be filed.

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