Popular blog TechCrunch reports that mobile VoIP start-up Jajah is in the middle of a bidding war, which could see the start-up sold for $200-400 million. According to TechCrunch Microsoft, Cisco and Telefonica Europe are all interested in acquiring the company.
Jajah was founded in 2005 by chairman Daniel Mattes and president Roman Scharf, and in 2006 unveiled its inexpensive solution for cellular calls using cellular handsets over the Internet.
Since then Jajah has raised $28 million from, among others Intel Capital, Deutsche Telekom AG unit T-Mobile, Globespan Capital Partners, and Sequoia Capital. Last April, Jajah, which competes with Skype, signed an agreement with Yahoo! Inc. (Nasdaq: YHOO) to allow Yahoo's 100 million Messenger users to carry on phone call with Jajah technology.
Jajah reports that it provides services to over 25 private users and businesses in 122 countries. However, it is not entirely clear how the start-up translates its services into revenue, although the potential seems to have attracted the interest of Cisco, Microsoft and Telefonica Europe.
Published by Globes [online], Israel business news - www.globes-online.com - on November 10, 2009
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