TheStreet sells B2B business units to Euromoney for $87.3 million: Reuters
Summary
(Reuters) – Financial news provider TheStreet Inc ( TST.O ) on Thursday said it will sell its B2B business units, The Deal and BoardEx , to London-based Euromoney Institutional Investor Plc ( ERM.L ) for $87.3 million, as it explores wider options for the company.“I have full confidence in Eric and Margaret’s ability to manage the consumer business on a standalone basis and I look forward to continuing to build upon our recent success while the board explores strategic opportunities for the company,” co-founder and director Jim Cramer said in the statement.The company had acquired mergers and acquisitions publication The Deal in 2012 and executive profile database platform BoardEx in 2014.Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more.VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more.