VeriSign acquires m-Cube for $250M

VeriSign announced an acquisition of m-Cube for $250 million. According to reports, Motricity was competing with VeriSign over the purchase. m-Cube facilitates mobile billing for companies through premium SMS. It racked up $84 million in revenue last year and has companies like CBS, Major League Baseball and Virgin Mobile as customers. More on this over here.

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~ by WYSIWYG on March 21, 2006.

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