News Corporation And VeriSign Finalize Joint Venture
Los Angeles, CA, and Mountain View, CA – January 29, 2007 – News Corporation (NYSE: NWS, NWS.A) and VeriSign (NASDAQ: VRSN) 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, NWS.A; ASX: NWS, 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.
About VeriSign
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.
Contacts:
News Corporation
Corporate Communications: Teri Everett, 310-369-2929 or TEverett@newscorp.com
Investor Relations: Reed Nolte, 212-852-7092 or RNolte@newscorp.com
VeriSign
Public Relations: Lisa Malloy, 202-270-7600 or lmalloy@verisign.com
Investor Relations: Ken Bond, 650-426-3744 or kbond@verisign.com
Fox Mobile Entertainment / Jamba, U.S.
Public Relations: Lynne Hentemann, 310-598-4813 or lynne.hentemann@fox.com
Jamba Europe
Corporate Communications: Niels Genzmer, +49 - (0)30 -69 538-120 or niels.genzmer@jamba.net