Verizon says it will buy videoconferencing company Blue Jeans Network, source says for less than $500M
Acquisition comes as the coronavirus spurs unprecedented work-from-home arrangements — Verizon Communications Inc. has agreed to buy videoconferencing company Blue Jeans Network Inc. …
Wall Street Journal Sarah Krouse
Related Coverage
- Verizon Business enters into agreement to acquire BlueJeans Verizon
- Verizon to buy videoconferencing software company BlueJeans ZDNet · Natalie Gagliordi
- Verizon will buy video conferencing company BlueJeans CNBC · Lauren Feiner
- Verizon is buying BlueJeans, one of Zoom's videoconferencing rivals The Verge · Kim Lyons
- Verizon Buys Zoom Rival BlueJeans For Less Than $500 Million Forbes · Sergei Klebnikov
- Verizon to buy Zoom video conference rival BlueJeans CNET · Carrie Mihalcik
- Verizon is buying b2b videoconferencing firm BlueJeans Yahoo Finance · Natasha Lomas
- Verizon To Buy BlueJeans To Compete In Video Conferencing Space Crunchbase News · Sophia Kunthara
- Verizon buying videoconferencing company BlueJeans for reported $400M Light Reading · Mike Dano
- Verizon buys video conferencing app BlueJeans Engadget · Igor Bonifacic
- Verizon acquires BlueJeans to compete with Microsoft Teams and Zoom MSPoweruser · Pradeep
- Verizon To Purchase Video Conferencing Firm BlueJeans PYMNTS.com
- Verizon buying BlueJeans videoconferencing app - WSJ Seeking Alpha · Brandy Betz
Discussion
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@reckless
Nilay Patel
on x
It is entirely more likely that Verizon will simply crush BlueJeans to death, but the nightmare of Verizon throttling Zoom and giving faster access to its own product is staring us right in the face. https://www.cnbc.com/...
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@jordannovet
Jordan Novet
on x
wonder how much this deal would have been done for in 2019. looks like Blue Jeans cut its headcount by 22% over the past year https://www.cnbc.com/...
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@patrickmoorhead
Patrick Moorhead
on x
Verizon doesn't have a stellar acquisition history: -Yahoo (2017) $4.4B -XO (2016) $1.8B -AOL (2015) $4.4B https://twitter.com/...
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@benbajarin
Ben Bajarin
on x
In our work from home study we just completed, we surveyed a number of industries and companies large and small and could not find many BlueJeans users. https://twitter.com/...
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@caro_milanesi
Carolina Milanesi
on x
Ah this is a way to get into the news - it was interesting that in most of the #remotework discussions #BlueJeans was not part of the limelight despite having grown in popularity but mostly outside the US https://twitter.com/...
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@verizonnews
@verizonnews
on x
Today @VerizonBusiness entered into an agreement to acquire cloud-based video conferencing and event platform @BlueJeansNet. More details here: https://www.verizon.com/... https://twitter.com/...
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@benparr
Ben Parr
on x
I am super excited to lose signal 2-3 times during our weekly team meetings AND to get notifications about new @TechCrunch articles during video calls. I also have heard that they will replace the opening BlueJeans ding with AOL modem sounds! - https://www.cnbc.com/...
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@jasonlk
@jasonlk
on x
“Buy Zoom!” “Ok but it would cost like $80B. That's 34% of our market cap.” “What?” “OK BUY BLUEJEANS” https://www.cnbc.com/...
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@brianroemmele
Brian Roemmele
on x
Remote work is shifting to permanence for many jobs. Blue Jean Network built some amazing, but less well known confrence and collaboration tools. Verizon just acquired the company for $500 million. Telework will be mainstream post 2020 Pandemic. https://twitter.com/...
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@sameer_singh17
Sameer Singh
on x
I'm not sure people realize how vulnerable Zoom is to competition. https://twitter.com/...
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@lesliejosephs
Leslie Josephs
on x
Gotta wonder: was this deal sealed ON BlueJeans? https://www.wsj.com/...
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@mjbarash
Matt Barash
on x
Verizon's deal for Blue Jeans Network is part of an effort to bolster Verizon's business group as the carrier rolls out faster 5G networks https://www.wsj.com/... via @WSJ
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@turnernovak
Turner Novak
on x
Verizon to acquire Zoom-rival Blue Jeans for $500m. BJ has 15k customers, and Verizon plans to integrate it with its B2B 5G service. https://www.wsj.com/...
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@backlon
Dieter Bohn
on x
So, win/win https://twitter.com/...