Verizon snatches up Zoom rival BlueJeans for less than $500 mln

(Reuters) - Verizon Communications Inc said on Thursday it agreed to buy video-conferencing company BlueJeans Network Inc, a rival of Zoom Video Communications Inc , for less than $500 million at a time that millions work from home due to widely-enforced lockdowns.Shelter-in-place orders to contain the spread of the new coronavirus have led businesses across the globe to foster a virtual office environment, leading to a surge in demand for video-conferencing apps such as Zoom, Cisco's Webex..