Thursday, October 13, 2005

Light Reading - Vonage $1.5B

"VOIP pioneer Vonage Holdings Corp. has heard several acquisition offers in the last two weeks, a source close to the situation says, and has already rejected at least one worth more than $1.5 billion.
Vonage is ostensibly preparing for an IPO, but has been taking a dual-track approach toward liquidity that includes the possiblity of an acquisition. Sources say the N.J.-based company�s investment banker partners have been looking for buyers for some time. (See Vonage Selects IPO Bankers.) "

No comments: