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Fox buys into Jamba for US$188 million

Apr 8, 2011

RedHerring reports about Murdoch's newest investment: Rupert Murdoch's News Corp. paid VeriSign $188 million Tuesday to buy a 51 percent controlling interest in VeriSign's mobile phone entertainment subsidiary Jamba. The companies said they would form a joint venture out of Jamba and News Corp.'s Fox Mobile Entertainment assets. They hope to reach up to 1 billion cell phone customers across 30 territories with the venture. "We believe this sale is a savvy way for VeriSign

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