NEW YORK (September 12, 2012) -- TheStreet, Inc. (NASDAQ:TST), a leading digital financial media company, today announced that it has completed the acquisition of The Deal LLC from Wasserstein & Co.Founded in 1999 as The Daily Deal print newspaper, The Deal LLC transformed its business into a digital subscription platform that delivers sophisticated coverage of the deal economy, primarily through The Deal Pipeline, a leading provider of transactional information and services. The Deal Pipeline was created for organizations seeking to generate deal flow, improve client intelligence and enhance market knowledge. It provides full access to 100-plus pieces of proprietary commentary, analysis and data produced every day by The Deal's editors and journalists and can be customized based on each client's job function, deal focus and workflow and delivered straight to a mobile device or existing corporate platform.
Conference Call InformationTheStreet will discuss this acquisition in a conference call today at 10:00 a.m. ET. To participate in the call, please dial 800-649-5127 (domestic) or 914-495-8549 (international). The confirmation code for the call is 28088026. This call is being webcast and can be accessed in the Investor Relations section of TheStreet website at: http://investor-relations.thestreet.com/events.cfm. A replay of the webcast will be available approximately two hours after the conclusion of the call and remain available for approximately ninety calendar days.
About TheStreetTheStreet, Inc. is a leading digital financial media company that distributes its content through online, social media, tablet and mobile channels. The Company's network of brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, Chat on TheStreet, MainStreet and Rate-Watch. For more information on TheStreet's business, visit www.t.st. For financial and business news, actionable trading ideas, stock quotes and more, visit TheStreet.com, follow TheStreet on Facebook and Twitter, visit TheStreet.mobi from your mobile device and access TheStreet through all major tablet platforms. For more information on The Deal, visit www.thedeal.com. The TheStreet, Inc. logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=11420.
About Wasserstein & Co., LPWassertein & Co., L.P. is a leading independent private equity and investment firm, focused primarily on leveraged buyout investments and related investment activities. The firm manages capital on behalf of its institutional and individual investors, including public and corporate pension funds, foreign governmental entities, endowments and foundations, and high net worth individuals. The firm historically has made investments in media, consumer products and other industry sectors. Wassertein & Co. conducts its activities through offices in New York and Los Angeles. For more information, visit www.wasserco.com.
Forward- Looking StatementsAll statements contained in this press release other than statements of historical facts are deemed forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, including those described in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from those reflected in the forward-looking statements. All forward-looking statements contained herein are made as of the date of this press release. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results or occurrences. The Company disclaims any obligation to update these forward-looking statements, whether as a result of new information, future developments or otherwise.
Executive Vice President, Chief Financial Officer
firstname.lastname@example.org Erica Mannion
Sapphire Investor Relations, LLC