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Live Universe Picking Up Jangl s Pieces
Posted on May 16, 2008
Just over a week ago the founders of and five engineers from VoIP services provider Jangl left for Jajah after the company failed to find a proper suitor. Following their departure, it was unclear what would happen to Jangl s assets and remaining staff. Now we hear from multiple sources close to the deal that Live Universe has agreed to acquire both.This appears to conclude the Jangl saga that started late last fall. Around that time, Jangl s board began telling the founders to pursue an acquisition strategy in lieu of raising more money. The board s decision came even when the company h...
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