News Corporation nd VeriSign, Inc. announced the sale of VeriSign's minority share of
the mobile entertainment joint venture (Jamba) to News Corporation for
approximately $200 million.
The joint venture was created when News Corporation acquired
controlling interest in VeriSign's wholly-owned Jamba subsidiary in
2007 and combined it with the Fox Mobile Entertainment unit.
"This sale is an important step in our effort to focus on our core
businesses in Internet infrastructure," said Jim Bidzos, executive
chairman of the board of directors, president and chief executive
officer on an interim basis of VeriSign. "News Corp. has been a good
business partner and we wish them well as they continue to operate an
exciting mobile entertainment business."