News Corp controls Jamba
October 10, 2008
News Corp has taken full control of mobile media company Jamba by buying VeriSign’s 49% stake for about $200m.
Jamba creates content such as wallpapers, ringtones and games for mobile phones.
It also produces short, made-for-mobile episodes of certain Fox television shows such as 24.
VeriSign has been trying to divest its slower-growing businesses to focus on its core internet security services for some time, and the Jamba sale marks the latest step in that process.