Maven to Acquire TheStreet
THESTREET (TST)
Last thestreet earnings: 5/14 07:00 am
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US:NASDAQ Investor Relations:
investor-relations.thestreet.com
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Source: Business Wire
Third acquisition in 12 months, Maven continues drive to build leading tech and distribution platform for premium, independent media NEW YORK--(BUSINESS WIRE)-- Maven (TheMaven, Inc.) (OTC: MVEN) (maven.io) announced TheStreet, Inc. (Nasdaq: TST) (www.t.st) has agreed to be acquired by Maven. A subsidiary of Maven will acquire all of the outstanding common shares of TheStreet for $16.5 million in cash. The transaction is funded through debt financing fully committed by a subsidiary of B Riley Financial, Inc. (Nasdaq: RILY). This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190612005585/en/ This marks Maven’s third acquisition in the last year, advancing its ongoing mission to empower the growing coalition of independent media partners on Maven’s digital distribution and monetization platform which today reaches more than 100 million consumers worldwi
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