News Corp Buys VeriSign Subsidiary

News Corp. and VeriSign announced this week their plans to form the world's largest provider of mobile entertainment. News Corp. will pay approximately $188 million for a controlling interest in VeriSign's wholly-owned Jamba subsidiary and will combine it with Fox Mobile Entertainment assets.

Yahoo Hires Newspaper Pro To Run Classifieds

Looking to consolidate its listings services while horning in a bit on Craigslist's local classifieds business, Yahoo! has hired former Knight Ridder executive Hillary Schneider to head up the company's new Yahoo! Marketplaces unit.