TheStreet has agreed to be acquired by TheMaven in a cash deal valued at approximately **$34 million**, based on a share price range of **$6.19 to $6.47 per share**. The transaction reflects a strategic shift for the financial media company, which will transition ownership while retaining its brand and operations under new management.
TheStreet Inc. stock jumps 7.0% after announcing a $16.5 million cash-and-equity buyout by TheMaven. Shareholders stand to receive $33.0–$34.5 million total, or $6.19–$6.47 per share—a 9.0% to 13.9% premium over Tuesday’s close. The deal includes cash, excess distributions, and a contingent value right, structured to benefit existing investors.
Maven acquires TheStreet, Inc. in a $16.5 million cash deal. The transaction follows Maven’s prior acquisition of TheStreet’s RateWatch business in June. The move expands Maven’s portfolio of financial media assets.
TheStreet, Inc. has entered into a definitive merger agreement to be acquired by Maven. The deal marks the completion of TheStreet’s strategic sale process, positioning Maven as the new owner of the financial news and information company.
