Via News Release
“MINNEAPOLIS – Jan. 3, 2013 – Digital River, Inc. (NASDAQ: DRIV), the revenue growth experts in global cloud commerce, announced that it has sold its subsidiary CCNow, Inc. 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.”