New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 10, 2013
18:00 EDTDRIV, LMLPDigital River completes LML Payment acquisition, sees accretive to FY13 earnings
Digital River (DRIV) announced that it has completed its previously-announced all-cash acquisition of LML Payment Systems (LMLP). The acquisition is expected to be accretive to Digital River's earnings in FY13.
News For DRIV;LMLP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 17, 2014
10:42 EDTDRIVDigital River spikes after renewing agreement with Microsoft
Digital River (DRIV) shares are sharply higher this morning after the company agreed to extend the terms of its distribution agreement with Microsoft (MSFT). WHAT'S NEW: Digital River this morning disclosed in a filing that it has agreed to extend the term of its Operations Digital Distribution Agreement with Microsoft to March 31, 2017. Additionally, Microsoft can extend the expiration date for up to four separate six month renewal terms, according to Digital River. Earlier this month, Digital River shares declined up to 24% after disclosing that the company granted Microsoft an extension to December 19 from December 1 as the deadline by which Microsoft was required to provide notice to the company of its decision as to whether it would choose to extend the expiration date of the agreement. WHAT'S NOTABLE: Digital River also announced this morning that the Federal Trade Commission informed the company on December 5 that it granted early termination of the Hart-Scott-Rodino Act waiting period for the company's acquisition by an investor group led by Siris Capital for $26 per share in cash, or about $840M. The "go-shop" period expired on December 7, and Digital River did not receive a competing proposal. Digital River says the merger is expected to close in the first quarter of 2015. PRICE ACTION: Digital River shares are up $7.58, or 45%, to $24.44 in morning trading.
09:18 EDTDRIVDigital River jumps 45% after renewing pact with Microsoft
09:17 EDTDRIVDigital River granted early HSR clearance for proposed merger
Subscribe for More Information
09:16 EDTDRIVDigital River renews pact with Microsoft
Subscribe for More Information
December 10, 2014
13:37 EDTDRIVDigital River announces new strategic alliances with Rauxa, Slalom Consulting
Subscribe for More Information
December 8, 2014
12:40 EDTDRIVOn The Fly: Midday Wrap
Subscribe for More Information
10:44 EDTDRIVDigital River grants Microsoft extestion to decide on renewing pact
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use