Verisign is exploring the sale of its Moreover and Weblogs assets, we’ve confirmed from a source with knowledge of the sale process. Both businesses were acquired in October 2005 - Moreover for an estimated $25 million and Weblogs for an undisclosed but significantly smaller amount.
We had previously heard rumors that Verisign was in negotiations to sell the assets, which have been combined into the Real-Time Publisher Services business unit, to the Associated Press in connection with a settle agreement over the AP’s 2007 copyright and trademark infringement lawsuit against Verisign. However, that litigation was settled last month without any agreement over the RTP assets.
Now Verisign is offering the business unit to a wider group of potential buyers. In an offering document we’ve obtained, Verisign reports business unit revenues of $6.5 million in 2005, growing to an estimated $8.8 million in 2008.
Verisign continues to restructure its core business under new CEO Jim Bidzos.
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What were the details about the AP copyright lawsuit?
Were they complaining about Moreover using their stories?
I remember when Moreover first launched as a news widget provider for individual site owners back before RSS… sure has changed since then.
With the proliferation of news feed aggregators, Moreover is fast losing its uniqueness.
agree to what you wrote
me too.
What were the details about the AP copyright lawsuit?
Very good article, thank you !
Ya, what was the AP copyright lawsuit details?
No future for MoreOver… too late…
Post linked on http://eng.fidgee.com - Feeds from the Geek Side
No future for MoreOver… too late… how mean?
It will be quite interesting to hear what valuation Verisign puts on Weblogs and Moreover. I remember using them long, long time before RSS changed the landscape.
Oh and BTW, what’s the difference between Verisign’s weblogs and AOL’s Weblogs?
Very good article, thank you very MUCh!
I also remember Moreover from the early days of Web publishing. They were a pioneer, in their time — which has apparently come and gone
It would be sad to see it go. Gotta wait and watch
see it go?! never…best will stay..thats business
A year ago Verisign started divesting slow and non-core lines of business.
I’m glad Verisign is continuing on their path to get back to -something- vs. a little bit of everything.
Good riddance!!!
Very good article! Verisign do it the right things