April 17 - 11:04
Verizon to acquire BlueJeans for $400 million
Zoom rival BlueJeans has been sold to Verizon for $400 million. The deal combines BlueJeans’ video conferencing platform with Verizon’s communications-as-a-service business. It is expected to close in the second quarter. BlueJeans has 15,000 customers and earned more than $100 million in revenues last year. "We are very excited about joining the Verizon team," said its CEO Quentin Gallivan.
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