Veri Sign – Inorganic Growth https://blogs.451research.com/techdeals The 451 Take on Tech M&A Fri, 06 Mar 2020 21:03:15 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.26 Credit crisis hits home for VeriSign http://blogs.451research.com/techdeals/ma/credit-crisis-hits-home-for-verisign/ Fri, 07 Nov 2008 21:05:49 +0000 http://blogs.451research.com/techdeals/?p=151 Continue reading Credit crisis hits home for VeriSign ]]> -by Thomas Rasmussen

In VeriSign’s 3rd quarter earnings conference call last night, interim CEO Jim Bidzos detailed its divesture progress. The gist: There is none.

It was essentially a repeat of its second quarter call. Bidzos insists that it is “this” close. He reiterated that one of the three non-core businesses is close to being divested, possibly before the end of the year (our money is on Communications). Bidzos offered up the reason for the holdup: The would-be acquirer needs financing. This is yet another unfortunate example of frozen credit markets hampering M&A.

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