Updated from 1:00 p.m. ESTTaking another step to bolster its mobile content business, VeriSign ( VRSN) will acquire m-Qube, which helps companies develop, distribute and bill for mobile content, the companies announced Monday. VeriSign is paying $250 million for the privately held m-Qube. The transaction is expected to close in the second quarter of 2006. VeriSign said the deal will not affect earnings for the year, and it says it will update its guidance after the deal is complete. "M-Qube strikes us as the one with the best prospects and the highest chance of success," said Albert Lin, an analyst with American Technology Research, referring to VeriSign's buying spree in the mobile content business. "It fills a hole in the mobile content offering that VeriSign has had to live with in the past, which is the ability to do single-sale billing." Just last week, VeriSign said it would
Shares of VeriSign rose 22 cents to $23.44 in light trading. "VeriSign is combing its world-class expertise, applications and infrastructure to make content convergence over any network and any device a reality. M-Qube will increase our leadership and expand our services in this emerging category," Vernon Irvin, general manager of VeriSign communications services said in a press release.