Sunday, December 18, 2005

WSJ.com - Vonage to Unveil Private Funding Of $250 Million

Vonage Holdings Corp. plans to announce that it has raised an additional $250 million in private funding from previous and new investors, bringing the total raised by the closely held start-up to $658 million.

The convertible-debt issue, set to be unveiled Monday, is likely to be Vonage's final round of private financing before the Internet-based phone company files for an initial public offering, according to people familiar with its plans.

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