Digital River (DRIV) Sells CCNow For Undisclosed Amount

January 3, 2013 12:50 PM EST
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Digital River, Inc. (NASDAQ: DRIV) announced that it has sold its subsidiary CCNow, Inc. to Snorrason Holdings, a privately-held e-commerce service provider.

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.

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