Friday, 17. October 2003

VeriSign to Sell Most of Network Solutions


VeriSign bought Network Solutions for $16 billion in June 2000. Now VeriSign is selling it for $100 million.

Internet security and Web address company VeriSign Inc. on Thursday said it would sell most of its Network Solutions unit for $100 million, marking a costly retreat from the Web hosting and domain name business it bought near the peak of the dot-com boom.

¬> Reuters

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