| 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 Kontikis 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 Purchasers 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 |
Description | |
| 99.1 | Pro forma financial information |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| VERISIGN, INC. | ||||||
| Date: May 6, 2008 | By: | /s/ Richard H. Goshorn | ||||
| Name: | Richard H. Goshorn | |||||
| Title: | Senior Vice President, General Counsel and Secretary | |||||
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