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Yesterday, rumors were flying that O2, a division of Telefonica, a large Spanish phone company, was buying Israel-based VoIP company Jajah for about $200 million. Last night I explained that it’s actually a good idea for O2 to buy the upstart, mostly because it (and its parent) have the scale to leverage Jajah’s virtual network and platform.
Of course when I heard about the rumor, I reached out to sources in Israel. When I woke up this morning, I’d heard back from them with new information: first of all, the deal isn’t done just yet. And according to my Israeli grapevine, the price is not $200 million and might be north of $100 million. I will keep you posted.