VERISIGN, INC. AND SUBSIDIARIES PRO FORMA FINANCIAL STATEMENT INFORMATION (Unaudited)Verisign Inc/Ca • November 13th, 2009 • Services-computer programming services
On November 9, 2009, VeriSign, Inc., a Delaware corporation (the “Company”) entered into a share purchase agreement (the “Agreement”) to sell all of the issued and outstanding shares of capital stock (the “Shares”) of m-Qube, Inc. (“m-Qube”), a Delaware corporation, a wholly owned subsidiary of the Company and provider of the Company’s Mobile Delivery Gateway (“MDG”) Services, to Mobile Messenger Global, Inc., a Delaware Corporation (the “Purchaser”), for cash consideration of $1,786,449 on the closing date, consisting of $1,000,000 for the purchase of the Shares and $786,449 in connection with severance payments to be made to certain employees. The Company will also receive an amount equal to m-Qube’s working capital as of the closing date, which the parties have preliminarily estimated to be approximately $17.5 million and which will be subject to a final adjustment to reflect the actual working capital as of the closing date. The Company will indemnify the Purchaser for, among other
