VeriSign Sells Stake in JV to News Corp for $200 Million

Oct 10, 2008

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News Corporation and VeriSign, Inc. announced the sale of VeriSign's minority share of the mobile entertainment joint venture 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.