Mergers & acquisitions

VeriSign to Spin Out Kontiki

LAS VEGAS -- NAB 2008 -- Just two years after being acquired by VeriSign Inc. (Nasdaq: VRSN), sources close to the situation say peer-to-peer (P2P) content delivery platform Kontiki is about to be spun off into an independent business.

According to sources, Kontiki is set to go private in the next few weeks with the help of venture backing. Terms of the spinoff -- including price -- are still hazy, but one source says the deal will be backed by one of Kontiki's original investors. Before the acquisition by Verisign, Kontiki had raised more than $40 million from Adobe Ventures, Barksdale Group, and Benchmark Capital, among others.

For more on the Kontiki spinoff, see the full story at Contentinople.
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