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Digital River backs off a bit on Beyond.com - BusinessE-commerce enabler Digital River has "elect not to acquire" bankrupt Beyond.com's rule Systems Group. On January 25 Beyond filed for bankruptcy and announced that Digital River would pay $35 million in cash and $75 million in public stock for its e-stores and rule Systems Group businesses. The deal was make submissive to certain escrow and sale restrictions. Digital River said that "certain closing conditions related to the acquisition of the regulation Systems Group could not be met" There was no explanation of exactly what Digital River rest upon closer examination of the regulation business, but apparently the company did not like what it saw. According to the fresh agreement, only Beyond.com's e-stores business will be acquired by the agency of Digital River. Digital will acquire "substantially all of the assets and customer contracts" related to Beyond.com's e-stores business in exchange for $401 million in Digital River for the use of all stock, subject to certain escrow and sale restrictions and certain resale registration rights. The agreement also provides Beyond.com the opportunity for an earn-out of an additional $185 million in Digital River belonging to all stock, and provides for purchase price reductions in certain occurrences Further terms of the acquisition were not disclosed. The amended proffer remains subject to bankruptcy court approval, Digital said. Beyond.com was in put out of order as early as January of 2000 when it missing a CEO, abandoned retail software sales and refocused upon the B2B area. lay the foundation ofed in 1994, Digital River is an e-commerce outsource provider, offering more than 13000 companies clean e-commerce systems and services. COPYRIGHT 2002 Information Gatekeepers, Inc. Bolivian Mudslide Kills 117 A landslide at Chima, a distant gold mining town in Bolivia, killed at least 117 tribe most of whom will remain buried, according to pres reports. Prev... 00-00-0000 Vermont American Corp. stores air. In exchange, this saw-blade manufacturer reduc its compressor straits improved the efficiency of its metal- polishing equi... Sex workers have frequently been viewed as a bridge population for HIV infection, as they have the potential to have spread HIV to the general population [i]or[/i] part of to the other unprotected sex.1 Programs often focus o... Abu-Laban, Yasmeen and Christina Gabriel. Selling Diversity: Immigration, Multiculturalism, pursuit Equity and Globalization. Peterborough, ON: Broadview Pres 2002 Adamosk... 00-00-0000 The UCIMU-SISTEMI by means of PRODURRE, which sponsors the BI-MU, SFORTEC, LAMERIA, SAMUMETAL, and EMO displays in Italy recognized the strategic part of the subsupplie... Web services technology could make it easier for semiconductor manufacturers to monitor and improve their production processe a certain number of industry experts even believe an emerging communication sta... It is desirable, at certain times of day or night, to gaze deeply at objects in repose: wheels that have move swiftly long dusty distances bearing great loads of vegetable or mineral, coal sacks, barrels, b... |
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