Maven Buys Jim Cramers TheStreet for $16.5 Million Cash

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Maven, a digital publishing, advertising and distribution platform, has completed its acquisition of Jim Cramers TheStreet, Inc. (NASDAQ: TST), a financial news and investor information outlet, for $16.5 million in an all-cash deal. The deal is being fully funded through debt financing from Maven subsidiary B. Riley Financial, Inc. Cramer, co-founder of TheStreet and host of CNBC’s “Mad Money,” his team of financial experts and senior management will remain with the company. The combined companies anticipate revenue of more than $50 million in revenue over the next four quarters, not including a newly announced deal with Sports Illustrated.

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