Digital River cutting and consolidating

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By Leslise Brooks Suzukamo, St. Paul Pioneer Press

“E-commerce specialist Digital River swung to a loss of $200 million for the fourth quarter last year due to a goodwill impairment charge for its past acquisitions.

The company is cutting some positions, but there should be little effect on its Minnetonka headquarters, where it employs about 700 people — or half its global workforce — officials said Wednesday, Feb. 6.

The company, which runs the online stores for numerous makers of software, consumer electronics and electronic games, reported Wednesday that revenue for the quarter ended Dec. 31 fell by 9.5 percent to $101.3 million.”

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