News Corp. Makes New Mobile Acquisition

LOS ANGELES/MOUNTAIN VIEW: September 12: News Corporation is
shelling out $188 million for a controlling interest in VeriSign’s Jamba
subsidiary, a leading platform for the provision of mobile content.

Jamba was founded in 2000 and delivers content in 30
territories, while its analytic tools track consumers’ usage. Jamba will be
combined with the Fox Mobile Entertainment assets. Lucy Hood, formerly
president of Fox Mobile Entertainment, will become CEO of the joint venture.
The new company will serve 30 territories with a potential reach of more than a
billion mobile subscribers. The company intends to retain the Jamster brand in
the U.S. and the Jamba brand worldwide.

The new Jamba will feature content from music and media
companies, as well as original content created exclusively for mobile. Jamba
partners include Universal Music Group and Warner Music, among others. In
addition, Jamba and Fox Mobile Studios have units that create original content,
including Jamba’s highly successful Crazy Frog and Fox’s 24: Conspiracy.
The unit is expected to draw from not only Fox divisions in the U.S. but also
News Corp. companies around the world.

Upon the completion of the merger, expected at the end of
the year, Jamba will work with MySpace to launch the MySpace Mobile Store. In
addition, Jamba will exclusively offer mobile content from the popular FOX
series The Simpsons, through the
industry's first subscription package tied to exclusive content, called the
"Yellow Plan,” which will include wallpapers, screensavers, ringtones and
video.

"This is an important step in News Corp.'s strategy of
becoming the world's leading digital media company," said Peter Chernin,
News Corp.’s president and COO. "We're the most powerful media company on
the web with Fox Interactive Media, our aggressive digital content deals have
given consumers access to News Corp. programming on every conceivable platform
and we have already demonstrated innovation in this emerging space with the
Mobisode and Mobizzo. Wireless technology gives us an enormous opportunity to
reach billions of mobile phone users with our content. With this new venture
we're looking forward to inventing new and compelling ways to engage this
exciting new audience."

"We are excited to combine our unique mobile
entertainment expertise and direct to consumer assets with one of the most
forward-thinking media companies in the world,” added Stratton Sclavos,
VeriSign's CEO. We look forward to working with News Corp. to create compelling,
interactive services that make an impact on the next generation of wireless
users.”