Why O2 Wants to Buy Jajah
December 20th, 2009 admin
O2, a division of Telefonica, a Spanish telecommunications company, is in talks to acquire Jajah, a VoIP startup, for about $200 million, Reuters reported today. The company had raised $35 million from various investors including Deutsche Telekom, Intel Capital and Sequoia Capital . According to some rumors, Microsoft and Cisco Systems were also bidding for Jajah, which has had its shares of ups and downs. The company is over 4 years old and started out as a wannabe Skype killer that offered cheap calls. It tried to do everything — partners with media companies offer cheaper plans, but it never really got the traction it needed to kill Skype. Even today Jajah has only about 25 million subscribers who …
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