VeriSign To Sell Kontiki P2P Division: Rumored Price Around $40 Million

VeriSign is expected to sell its Kontiki P2P division this month to a group that has been previously involved in the company. Barring any last minute problems, the deal should be closed and announced in the next few weeks. Whether or not they will keep the Kontiki branding remains to be seen but they are expected to re-focus their offering to target the enterprise market. While VeriSign won’t comment on the sale, the "rumored" buy back price people are circulating in the industry is around $40 million, which would be about 3x revenue.