Verizon to buy video-conferencing company Blue Jeans Network

(Reuters) - 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. Lockdowns enforced across the world to contain the spread of the new coronavirus have pushed people to work from home, leading to a surge in demand for video-conferencing apps such as Zoom, Cisco's Webex and Microsoft's Teams.Verizon will pay less than $500 million for Blue Jeans, the Wall Street..