News Corp. Acquires Rest of Jamba From Verisign for $200M

Authored by Mark Hefflinger on October 7, 2008 - 7:52am.

New York - News Corporation (NYSE: NWS) announced on Tuesday that it has acquired the rest of mobile entertainment firm Jamba from joint venture partner Verisign (NASD: VRSN) for about $200 million.

News Corp. previously acquired a controlling interest in the company -- known as Jamster in English-speaking countries -- in 2007, and combined it with its Fox Mobile Entertainment unit.

"This sale is an important step in our effort to focus on our core businesses in Internet infrastructure," said VeriSign chairman, president and CEO Jim Bidzos.

"News Corp. has been a good business partner and we wish them well as they continue to operate an exciting mobile entertainment business."

 

Related Links:
http://biz.yahoo.com/iw/081007/0440648.html

http://www.verisign.com

http://www.jamster.com

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