![]() ![]() #Digital river starmoney software#Pursuant to the Digital Distribution Agreement, we build, host and manage the Microsoft Store, an e-commerce store that supports the sale and fulfillment of Microsoft and third party software as well as consumer electronics products to customers throughout the world, and provide additional e-commerce services to Microsoft.ĭigital River further detailed its relationship with Microsoft in the risk factors segment: On November 22, 2013, we received written notice from Microsoft Corporation (“Microsoft”) that Microsoft had exercised its right under the Third Omnibus Amendment to the Microsoft Operations Digital Distribution Agreement (the “Third Omnibus Amendment”) to extend the expiration date of the Microsoft Operations Digital Distribution Agreement to March 1, 2015. We are subject to a number of risks, some of which may be similar to those of other companies of similar size in our industry, including rapid technological changes, competition, customer concentration, failure to successfully integrate acquisitions, adverse government regulations, failure to manage international activities, income we may not realize from our Microsoft relationship and loss of key individuals.ĪLSO READ: Solid December for Dividend Hikes and Big Stock BuybacksĪs far as what the company said regarding this situation with Microsoft having happened before: When we started searching Microsoft and contracts, there is a lot to the story.ĭigital River said in its cautionary statement to its annual report: Securities and Exchange Commission (SEC) from earlier in 2014. went to Digital River’s 2013 Annual Report (10-K) filed with the U.S. This is not the first time that this has happened, but the risk that Digital River faces is incredibly real for the amount of business that it does with Microsoft. ![]() The extension will be from December 1, 2014, to December 19, 2014. ![]() (NASDAQ: MSFT) in its decision to extend the expiration date of the Microsoft Operations Digital Distribution Agreement. (NASDAQ: DRIV) announced Monday morning that it would extend the deadline for Microsoft Corp. ![]()
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