VeriSign, Inc, the leading provider of critical infrastructure services for the Internet and telecommunications networks, today announced it has
signed a definitive agreement to sell the Network Solutions business unit to Pivotal Private Equity. Under the terms of the agreement, VeriSign will
receive approximately $100 million, consisting of $60 million in cash and a $40 million senior subordinated note. VeriSign will also retain a 15%
equity stake in Network Solutions. The transaction is subject to certain closing conditions and is anticipated to close in the fourth quarter.
signed a definitive agreement to sell the Network Solutions business unit to Pivotal Private Equity. Under the terms of the agreement, VeriSign will
receive approximately $100 million, consisting of $60 million in cash and a $40 million senior subordinated note. VeriSign will also retain a 15%
equity stake in Network Solutions. The transaction is subject to certain closing conditions and is anticipated to close in the fourth quarter.
Link: verisign.com
