Jamba signs off

VeriSign finally washed its hands of ousted CEO Stratton Sclavos’ failed attempt to enter the consumer segment. It sold off its remaining stake in Jamba to NewsCorp for approximately $200m today. This is likely in preparation for a complete divesture of its Communications Business segment that Jamba belonged to. We expect the divesture will be announced before or at the company’s upcoming Q3 Earnings Report on November 6th.