Skype Rival JaJah Sold For $206 Million To Telefonica

cell phones mobile o2 AP

JaJah, a Californian/Israeli VoIP company, has been acquired by Telefónica Europe for $206 million (€145 million).

Telefonica, which is also known by its consumer label of O2, beat out rival bidders like Microsoft and Cisco, who were said to be looking at the company. T-Mobile parent Deutsche Telekom was an investor, and probably looked at the company, as well.

The deal is all cash and provides a nice exit for its backers who invested around $33 million in the company.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at