Verizon to buy Zoom-rival BlueJeans for less than $500 million
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(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.Lockdowns enforced across the world to contain the spread of the new coronavirus have pushed businesses to work from home, leading to a surge in demand for video-conferencing apps such as Zoom, Cisco's Webex and Microsoft's Teams.Zoom, which has a market value of $42 billion, has seen its daily active..