Digital River to Buy Beyond.com Assets

Digital River Inc. plans to buy most of the assets of Beyond.com Corp., a Web-based software retailer that filed for Chapter 11 bankruptcy protection Thursday, for about $11million in stock and cash.

The electronic-commerce services company will pay about $7.5million in stock and the rest in cash for substantially all of Beyond.com’s EStores and Government Systems businesses. A bankruptcy court must approve the transaction, Minneapolis-based Digital River said.

Digital River shares rose $1 to $21.33 in Nasdaq trading. Beyond.com trading was halted; the shares fell 3 cents to 79 cents Thursday.