Friday, 24 March, 2023

Verizon to buy Zoom's rival BlueJeans for less than $500 mn

<p>Verizon Communications is set to buy video-conferencing company BlueJeans Network, a rival of Zoom Video Communications, for less than $500 mn, media reports said. BlueJeans, already a partner of Verizon for its meeting app under its unified communications and collaboration services, is used in over 180 countries. BlueJeans has never shared its user numbers publicly but counts Facebook, LinkedIn, ViacomCBS, Goldman Sachs and Standard Chartered as customers.</p>