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Anyone got 1.5 billion? Vonage might be forsale soon.

September 27, 2005

if you believe what you read here anyway :)..


NEW YORK - Vonage, the private internet telephony start-up, is being encouraged to consider a sale while it presses ahead with plans for an initial public offering.

UBS and Deutsche Bank, the investment banks chosen by Vonage to underwrite its stock market listing, have been suggesting that the company pursue a "parallel process", according to people familiar with the matter.

This would involve seeking out, or responding to, expressions of interest in the company from potential buyers while at the same time moving forward with plans to raise up to $600 million in an IPO.

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