This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TheStreet Acquires DealFlow Media

NEW YORK ( TheDeal) -- New York digital financial media company TheStreet Inc. acquired the financial newsletters and databases, The DealFlow Report, The Life Settlements Report and the PrivateRaise database from DealFlow Media Inc., the company said on Monday. Financial terms of the deal were not disclosed.

TheStreet will integrate the acquired content into The Deal, which TheStreet acquired in September from Wasserstein & Co.

The DealFlow report covers the microcap equity markets including initial public offerings and private placements, while The Life Settlements Report focuses on life insurance settlements. The content of both newsletters will be made available to The Deal Pipeline subscribers. The target has 10 employees, half based in Petaluma, Calif., and the others in Woodbury, N.Y.

DealFlow will continue to operate its DealFlow and Life Settlement conferences under a licensing agreement with The Deal. DealFlow founder and chief executive Steven Dresner will stay on during the transition period through a consulting arrangement. "The combination of our leading small cap finance content with The Deal's M&A reporting is a natural fit," he said in a statement. TheStreet has used The Deal's content as a growth platform to help increase revenue from subscription and licensing services.

"TheStreet's institutional business unit, The Deal, is an important part of our growth strategy," TheStreet CEO Elisabeth DeMarse said in a statement. "Additionally, this acquisition expands TheStreet's revenue opportunities as we introduce potential customers to The Deal's quality research and reporting."

The late investment banker Bruce Wasserstein founded The Deal in 1999 to cover M&A, IPOs and bankruptcies, among other deals. Hedge fund manager James Cramer along with publisher Martin Peretz founded TheStreet in 1996. TheStreet does not expect the acquisition to impact its earnings.

TheStreet was gaining 0.5% to $1.92.

Written by Demitri Diakantonis in New York

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
TST $1.78 0.00%
AAPL $128.95 0.00%
FB $78.99 0.00%
GOOG $537.90 0.00%
TSLA $226.03 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs