News Corp. acquires remaining share of Jamba for $200M

Network infrastructure services provider VeriSign announced it will sell its minority share in mobile entertainment joint venture Jamba to majority owner News Corp. for approximately $200 million. News Corp. acquired its 51 percent controlling interest in the direct-to-consumer content service (branded as Jamster in the U.S.) in late 2006, forking over $188 million to VeriSign and combining the business with its Fox Mobile Entertainment unit. In a prepared statement, VeriSign's interim president and CEO Jim Bidzos called the sale "an important step in our effort to focus on our core businesses in Internet infrastructure."

For more on the Jamba sale:
- read this release

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