Zoom CEO Eric Yuan image: Zoom

According to a Recode report, Microsoft has repeatedly tried to acquire Zoom, the videoconferencing company looking to go public soon at an initial market cap of roughly $9 billion. The report says Microsoft acquisition talks have been repeatedly turned down by Zoom founder Eric Yuan, with the most recent approach happening as late as earlier this year.

According to Zoom’s S-1 filing, it recorded $330 million in revenue for the year ending January 31, 2019, a more than double from $151.5 million for the same period in 2018. The company is also profitable with $7.5 million in profits recorded for the year ending January 31, 2019.

Zoom has raised a total of $145 million from VCs including Sequoia Capital, Horizons Ventures, Maven Ventures, Qualcomm Ventures, Emergence Capital, and GC Capital. With the company targeting an initial market cap of approximately $9 billion on the public markets, an acquisition might make for one of the largest and most high-profile in the software space.

Just to remember, last November, Qualtrics was acquired by SAP for $8 billion en route to an IPO.

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