Verizon to buy Zoom-rival BlueJeans for less than $500 million [Reuters]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Reuters
Verizon to buy Zoom-rival BlueJeans for less than $500 million (Reuters) - Verizon Communications Inc ( VZ.N ) said on Thursday it agreed to buy video-conferencing company BlueJeans Network Inc, a rival of Zoom Video Communications Inc ( ZM.O ), for less than $500 million. Lockdowns enforced across the world to contain the spread of the new coronavirus have pushed businesses to work from home, leading to a surge in demand for video-conferencing apps such as Zoom, Cisco’s ( CSCO.O ) Webex and Microsoft’s ( MSFT.O ) Teams. Zoom, which has a market value of $42 billion, has seen its daily active users jump to 200 million from about 10 million before the pandemic started spreading. BlueJeans, which has not publicly disclosed its user numbers, counts big enterprises such as Facebook Inc ( FB.O ), LinkedIn and ViacomCBS ( VIACA.O ) among its customers. Large banks like Goldman Sachs ( GS.N ), Morgan Stanley ( MS.N ) and JPMorgan Chase ( JPM.N ) are also known to use BlueJe
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VZ
Earnings
- 10/29/25 - Beat
VZ
Sec Filings
- 12/5/25 - Form 4
- 12/5/25 - Form 4
- 12/5/25 - Form 4
- VZ's page on the SEC website