NEW YORK, April 22, 2013 /PRNewswire/ -- TheStreet, Inc. (NASDAQ: TST), a leading digital financial media company, today announced that it has completed the acquisition of The DealFlow Report, The Life Settlements Report and the PrivateRaise database from DealFlow Media, Inc. These newsletters and databases, and the employees providing their content, will be incorporated into TheStreet's institutional platform, The Deal.
"These specialty newsletters and databases offer accurate and reliable intelligence that is well respected in the finance community," says The Deal's President, Kevin Worth. "The Deal Pipeline already provides subscribers with world-class coverage of large and mid-cap M&A transactions, and we are excited to add small cap finance transactions to our news coverage and transaction database."
Following integration of these properties into The Deal Pipeline, current customers of The Deal Pipeline will have access to hard-to-find small cap equity markets coverage and coverage of the private placement markets, which is gaining momentum due to the new regulations spawned by the JOBS Act. Starting today, customers of The DealFlow Report, The Life Settlements Report and/or PrivateRaise database will be able to receive The Deal Pipeline's rich, intraday coverage of transactions.
The acquisition is part of the continuing M&A strategy led by Elisabeth DeMarse, TheStreet's Chairman, President and CEO. "TheStreet's institutional business unit, The Deal, is an important part of our growth strategy. This tuck-in acquisition of The DealFlow Report, The Life Settlements Report and the PrivateRaise database emphasizes our continued commitment to providing institutional clients with valuable and actionable intelligence they can use to grow their businesses. Additionally, this acquisition expands TheStreet's revenue opportunities as we introduce potential customers to The Deal's quality research and reporting," concluded DeMarse.The DealFlow and The Life Settlements Conferences will continue to be operated by DealFlow Media, Inc. under a license from The Deal, and Steven Dresner, founder and CEO of the DealFlow businesses, will assist The Deal in the transition pursuant to a consulting arrangement. Said Steven Dresner, "I am thrilled to combine the DealFlow businesses with The Deal Pipeline to create a best-of-breed service for our customers. The combination of our leading small cap finance content with The Deal's M&A reporting is a natural fit." Founded in 2002, The DealFlow Report and The Life Settlements Report, and the PrivateRaise database, cover small cap equity finance and niche areas of finance. The DealFlow Report is a leading subscription service covering small cap equity finance, including everything from IPOs to APOs, registered directs to follow-ons, PIPEs, at-the-market offerings, CMPOs, SPACs, and all of the trading, legal, and regulatory issues in the small cap market. The Life Settlements Report provides news and analysis on the growing secondary market for life insurance settlements. The PrivateRaise database provides users with a comprehensive decade-long history of small cap equity transactions, including private placements, PIPEs, Rule 144A offerings, alternative public offerings, reverse mergers and shell merger vehicles, warrants and options, at-the-market offerings, venture capital financings, confidentially marketed public offerings, shelf filings, special purpose acquisition companies and life settlements. Customers of these products include several hundred investment managers, investments banks, hedge funds, public and private corporations and law firms. Terms of the acquisition were not disclosed and the financial impact to TheStreet is not expected to be material.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV