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Verizon to buy video-conferencing company Blue Jeans Network

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Verizon Communications Inc on Thursday agreed to buy video-conferencing company Blue Jeans Network Inc, a rival of Zoom Video Communications Inc , for an undisclosed price.

FILE PHOTO: A man stands next to the logo of Verizon at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez.

FILE PHOTO: A man stands next to the logo of Verizon at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez
 

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Verizon will buy video conferencing company BlueJeansEnterprise tools like Zoom, Slack and Microsoft Teams have seen an uptick in usage during the coronavirus pandemic. The future In theory this is a smart addition to their business services if they can pre-install on devices. Certainly lower risk than buying AOL + Yahoo for $9B then proceeding to write it down by $5B — although paying $30,000 per customer seems steep for video software... lighting money on fire, nobody uses BlueJeans
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