Digital River (DRIV +0.3%) is buying LML Payment Systems (LMLP +81.8%), a provider of...

|By:, SA News Editor

Digital River (DRIV +0.3%) is buying LML Payment Systems (LMLP +81.8%), a provider of online/mobile payment processing and risk management services for SMEs, for $3.45/share in cash, or $102.8M. Digital River, whose e-commerce software business has fallen on hard times, plans to integrate LML's solutions with its own payment processing service, which has historically focused on larger businesses. (PR)