VeriSign Exits Mobile Content; Sells Remaining Stake In JV To News Corp For $200 Million
Oct 7, 2008 5:28 PM
VeriSign’s (NSDQ: VRSN) effort to capitalize on mobile content through its acquisition of Jamba is officially over. VeriSign tried to keep skin in the game through a JV with News Corp (NYSE: NWS). selling 51 percent in May 2007 for $187.5 million and a merger with Fox Mobile Entertainment. Today,…
Posted In: Mobile, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, News Corp., jamba, verisign
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