SOURCE: VeriSign, Inc.

January 29, 2007 13:15 ET

News Corporation and VeriSign Finalize Joint Venture

LOS ANGELES, CA and MOUNTAIN VIEW, CA -- (MARKET WIRE) -- January 29, 2007 -- News Corporation (NYSE: NWS) (NYSE: 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) (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.

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