Los Angeles – News Corp. (NYSE: NWS) is looking to sell its Fox Mobile
unit, which includes ringtone and mobile content publisher Jamba, PaidContent
"We are pursuing a process to potentially sell that," News
Corp. COO Chase Carey told analysts, speaking of Jamba.
"We prefer to
build businesses than buying them. It’s been the foundation on which we’ve
built this business. It’s certainly what we plan to pursue."
The company acquired a controlling
interest in Jamba in 2006 for $188 million, and in 2008 acquired the remaining
stake owned by VeriSign.
PaidContent notes that Jamba’s CEO, COO and CMO
departed last year amid 70 layoffs at the unit.