News Corp Buys VeriSign's Share in Jamba

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."