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Stock Market & Financial Investment News

News Breaks
January 3, 2013
12:49 EDTDRIVDigital River sells CCNow to Snorrason Holdings, terms not disclosed
Digital River (DRIV) announced that it has sold its subsidiary, CCNow to Snorrason Holdings, a privately-held e-commerce service provider. CCNow is an online retailer and provider of online checkout services primarily for small to mid-sized businesses. Snorrason purchased CCNow in an all cash transaction. Other financial terms related to the agreement were not disclosed and are not material to Digital River's results of operations.
News For DRIV From The Last 14 Days
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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
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09:16 EDTDRIVDigital River renews pact with Microsoft
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December 10, 2014
13:37 EDTDRIVDigital River announces new strategic alliances with Rauxa, Slalom Consulting
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December 8, 2014
12:40 EDTDRIVOn The Fly: Midday Wrap
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10:44 EDTDRIVDigital River grants Microsoft extestion to decide on renewing pact
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