Mountain View based Jajah describes itself rather grandly as “the world’s most innovative communications company.” With a little help from its friends at Intel, it may yet live up to the billing.
Intel Capital emerged as the lead investor in a $20m funding round for Jajah completed in May last year pumping in $15m to help Jajah in its bid to replace Skype as the mass-market VoIP provider of choice. Read more
The shoot-out at the OK Corral is over and the hired guns are leaving town.
Paulson & Co, once among Yahoo’s half-dozen biggest institutional shareholders and a backer of Carl Icahn’s attempt to pressure the company into a Microsoft deal this Spring, has sold most of its 3.7 per cent interest. In a filing today, the New York-based investor revealed that its stake had dropped to 15m shares at the end of June, from 50m three months before. Read more