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Verizon to Acquire Video Conferencing Firm BlueJeans

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Wireless giant Verizon said Thursday that its Verizon Business unit has reached a definitive agreement to acquire video conferencing platform BlueJeans Network, which has seen increased usage amid the new coronavirus pandemic, just like rival Zoom.

Financial terms weren't disclosed, but The Wall Street Journal reported the price tag was less than $500 million. The Walt Disney Co.

has been reported to be among the companies that has been using the firm's video conferencing services. "From our early days as a Silicon Valley startup, we’ve come a long way: now over 13,000 organizations around the world use BlueJeans to connect in millions of meetings every month," BlueJeans co-founder Alagu Periyannan wrote in a March 3 blog post. "In a moment.

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