OLD Media Moves

TheStreet acquires DealFlow Media

April 23, 2013

Posted by Chris Roush

Financial news company TheStreet Inc. announced Monday that it has acquired the financial newsletters and databases, The DealFlow Report, The Life Settlements Report and the PrivateRaise database from DealFlow Media Inc.

Financial terms of the deal were not disclosed.

A story from TheStreet states, “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.”

Read more here.

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