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home / news releases / ZM - Verizon Business To Acquire BlueJeans For Collaboration Tools

ZM - Verizon Business To Acquire BlueJeans For Collaboration Tools

Zoom Video Communications Inc.

Quick Take

Verizon Business (VZ) has announced the proposed acquisition of BlueJeans Network for an undisclosed amount, reported to be under $500 million.

BlueJeans has developed an enterprise grade video conferencing and event system.

With the deal, VZ makes a strategic move for its Business unit to combine BlueJeans’ collaboration and broadcast capabilities with Verizon’s network.

VZ appears to be fully valued at its current level, so my bias on the stock is Neutral.

Target Company

San Jose-based BlueJeans was founded to develop an online system to enable enterprises and individuals to have

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Stock Information
Company Name: Zoom Video Communications Inc.
Stock Symbol: ZM
Market: NYSE
Website: zoom.com
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