Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why 8x8 Stock Is Falling Today

TheMotleyFool

0 0

Shares of 8x8, Inc. (NYSE: EGHT) were falling today after the company announced that it has entered into an agreement to acquire Fuze, a cloud-based enterprise communications company. The tech stock was down by 10.6% as of 3:20 p.m. ET.

8x8 said that the purchase of Fuze will cost approximately $250 million in stock and cash. The acquisition is expected to close during the fiscal fourth quarter.

Image source: Getty Images.

Source Fool.com

Like: 0

EGHT

Share