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VRSN > SEC Filings for VRSN > Form 8-K on 6-May-2008All Recent SEC Filings

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Form 8-K for VERISIGN INC/CA


6-May-2008

Completion of Acquisition or Disposition of Assets, Financial Statements and Exhi


Item 2.01 Completion of Acquisition or Disposition of Assets

VeriSign, Inc. (the "Company") entered into an acquisition agreement (the "Agreement"), effective as of April 30, 2008, to sell its broadband content distribution business, Kontiki, to a new entity, Kontiki, Inc. (the "Purchaser"), a Delaware corporation and majority-owned subsidiary of MK Capital SBIC, LP and MK Capital, LP. Pursuant to the terms of the Agreement, the Purchaser received specified assets associated with the Kontiki broadband content service business, including delivery, management, reporting and professional services centered around Kontiki's media delivery management system platform and digital content utility. In exchange, the Company received total consideration of $1 million and 3,980,000 shares of the Purchaser's Series A Preferred Stock. This transaction closed on April 30, 2008.



Item 9.01. Financial Statements and Exhibits.

(b)(1) Pro forma financial information

The pro forma financial information required by this item is attached as Exhibit 99.1 to this report.

(d) Exhibits

                    Exhibit
                    Number    Description
                    99.1      Pro forma financial information


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