Report: Bidding War Over, O2 Rings Up Jajah For $200 Million
20 Dec 2009 // 10 comments // Internet Development
Last month, we wrote about the VoIP startup Jajah being the target of a bidding war. Today, it appears that war is over, with the winner being O2, and the price being $200 million, according to a report sent out by the financial website TheMarker, and being circulated by Reuters.
It was believed that Microsoft and Cisco were two other companies that were vying to get the company. Back in June, the company served up its 1 billionth VoIP call. While the company has some 15 million subscribers of its own, many of the calls originate from Yahoo Messenger, which has used Jajah since 2008 for its VoIP calls. They also have a deal in place with Microsoft.
The company has raised over $30 million in funding over four rounds. They are backed by the likes of Sequoia and Intel Capital. O2 is the mobile arm of Telefónica Europe, and had been considered the company with only an outside shot at theacquisition, especially considering Microsoft’s partnership with Jajah. Earlier reports indicated the price could be driven as high as $400 million in a bidding war, instead it appears to have stayed on the low side.
We’ve reached out to Jajah for comment on the matter, and will update when we hear back.
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Tags: $200, all, Bidding, bidding war, billionth, Company, crunchboard, Europe, Google, intel capital, jahjah acquisition, jahjah o2, Jajah, jajah android, jajah android droid, jajah o2, job2, Microsoft, Million, million subscribers, mobile arm, month, o2 jahjah, Over, Price, proxy, Q, report, reuters, Rings, sequoia jahjah sold o2, Start, startup, target, themarker, VoIP, War, Web, www
This entry was posted on Sunday, December 20th, 2009 at 8:45 pm and is filed under Internet Development. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Agreed. Did they start in Israel? The CB profile says Mountain View.
Seems like M&A activity starting to heat up.
Startups from ISRAEL?
They have an office there, but the startup is very well from Austria, with the founders moving over to the Bay Area quickly.
congrats to jajah and the team behind it.
I love the way startups from Israel work, they create decent technology, the solve real problems and finally do great exits.
[...] Telekom AG, Intel Capital, Sequoia and other venture capital funds since its founding in 2005.Via TechCrunch via Reuters /**/ Tags: acquisition, jajah, o2 Zee Twitter/Facebook Based in London, Zee [...]
[...] Telekom AG, Intel Capital, Sequoia and other venture capital funds since its founding in 2005.Via TechCrunch via Reuters /**/ Tags: acquisition, jajah, o2 Zee Twitter/Facebook Based in London, Zee [...]
[...] the rest here: Report: Bidding War Over, O2 Rings Up Jajah For $200 Million … By admin | category: o2 mobile | tags: been-considered, especially-considering, europe, [...]
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