VeriSign Wins Bidding For CyberCash Assets

Published April 16, 2001, 1:00 a.m. EDT

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Updated August 27, 2020, 3:51 a.m. EDT

1 Min Read

- MOUNTAIN VIEW, Calif. (04/16/01) -- VeriSign Inc.,submitted the winning bid last week in bankruptcy court for theoperating assets of CyberCash Inc., which include CyberCash'ssoftware business and payment platform, according to documentsfiled in U.S. Bankruptcy Court in Wilmington, Del. VeriSign and anunnamed partner will pay nearly $20 million for the Reston, Va.,Internet payment-services firm. VeriSign's purchase of CyberCash'sassets will expand VeriSign's position in electronic payments,which began a year ago when VeriSign purchased Signio Inc., aRedwood City, Calif., processor of merchants payments. InfoSpaceInc., a Bellevue,Wash., provider of Internet infrastructureservices, placed second in the bidding for CyberCash.

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