Sunday, November 20, 2005

Net2Phone update

More on Net2Phone, which earlier got a bid from IDT.

IDT last week made a new, higher bid, offering $2/share, instead of the earlier $1.7/share. Net2Phone likely will accept this, though I think they are more valuable to a strategic buyer.

This new bid still represents a discount to my average cost, but a smaller one - 28% - than before.


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