Verisign to acquire Jamba!
Whoa – this is big – the Samwer brothers have pulled it off a second time: after founding one of germany’s first auction sites, alando.de, which got bought by eBay, the now managed to sell their mobile portal called “Jamba!” to Verisign:
“MOUNTAIN VIEW, CA – May 24, 2004 – VeriSign, Inc. (Nasdaq: VRSN), the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today announced it has signed a definitive agreement to acquire Berlin, Germany based Jamba! for approximately $273 million in cash and VeriSign stock. The acquisition is subject to German regulatory approvals and other conditions, and is expected to close by the end of the second quarter.
Jamba! is a leading provider of wireless content services in Europe. The company serves millions of wireless subscribers in nine European countries through distribution and billing relationships with carriers, including Vodafone, T-Mobile and KPN. In addition, Jamba! has worked with leading content publishers to build a downloadable library of over 50,000 individual products, including popular music, graphics, games and applications.”
Read the full press release here.
So, Verisign will be moving into the mobile market. Will they just carry over their internet business model to the mobile internet, or will they start looking into “real” mobile services?