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[registrars] VeriSign to Sell Most of Network Solutions
- To: "Registrars" <Registrars@xxxxxxxx>
- Subject: [registrars] VeriSign to Sell Most of Network Solutions
- From: "Ken Stubbs" <kstubbs@xxxxxxxxxxx>
- Date: Thu, 16 Oct 2003 10:46:08 -0400
- Sender: owner-registrars@xxxxxxxxxxxxxx
VeriSign to Sell Most of Network Solutions
1 hour, 20 minutes ago
NEW YORK (Reuters) - Internet security and Web address company VeriSign Inc.
on Thursday said it will sell most of its Network Solutions unit to Pivotal
Private Equity for $100 million in cash and notes to focus on its Internet
and telecommunications services businesses.
VeriSign will get $60 million in cash and a $40 million subordinated note
and will retain a 15 percent stake in Network Solutions.
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