LOS ANGELES, CA and MOUNTAIN VIEW, CA (Marketwire) - News Corporation
) and VeriSign (NASDAQ
) today announced that
a joint venture giving News Corp controlling interest in VeriSign's wholly
owned Jamba subsidiary will finalize January 31, 2007. The joint venture
combines Jamba and Fox Mobile Entertainment assets to form a leading global
provider of mobile entertainment. Lucy Hood, who was formerly President of
Fox Mobile Entertainment, will become the company's CEO effective
immediately upon the close of the deal.
The transaction will meet all required regulatory approvals and the
satisfaction of all other customary conditions.
About News Corporation
News Corporation (NYSE: NWS) (NYSE: NWS.A) (ASX: NWS) (ASX: NWSLV) had
total assets as of June 30, 2006 of approximately US$57 billion and total
annual revenues of approximately US$25 billion. News Corporation is a
diversified entertainment company with operations in eight industry
segments: filmed entertainment; television; cable network programming;
direct broadcast satellite television; magazines and inserts; newspapers;
book publishing; and other. The activities of News Corporation are
conducted principally in the United States, Continental Europe, the United
Kingdom, Australia, Asia and the Pacific Basin.
VeriSign, Inc. (NASDAQ: VRSN) operates intelligent infrastructure services
that enable and protect interactions across voice and data networks
anytime, from anywhere on multiple devices. Additional news and information
about the company is available at www.verisign.com.