
This week, Investing.com reported that RingCentral is exploring a take-over of 8×8. I’ve heard this rumor before and with increasing frequency, as the valuation in 8×8 and its peers have fallen through the floor. Of all the publicly traded cloud communications providers, 8×8 is the most appealing from an acquisition standpoint, as it has a good product, a decent customer base, and an absurdly low valuation. At the time of writing, the market cap is only $474 million, which includes a 7% bump from the RingCentral rumors.