Jamba with exit

Filed in archive Venture Capital

Wow, my sincere respect goes to the Samwer brothers. Many thought their first sale of alando.de to ebay was pure luck. With Jamba they have shown it is luck and good entrepreneurship that has driven them to success.

"Internet and telecom company VeriSign on Monday said it has agreed to acquire Germany's Jamba, a wireless content provider, for $273 million in cash and VeriSign stock.

VeriSign said the deal could have incremental impact to its June-ending second quarter, when the deal is expected to close, and would be neutral to 2004 earnings per share and modestly accretive in 2005.

Berlin-based Jamba provides wireless content services to millions of wireless subscribers in nine European countries through its distribution and billing relationships with carriers such as Vodafone, T-Mobile and KPN. "