TheStreet Completes Strategic Sale Process by Entering into Agreement to be Acquired by Maven

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Jun 12, 2019
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- TheStreet enters into a definitive merger agreement to be acquired by Maven

- Transaction is culmination of strategic review of Company started over a year ago by the Board and its independent strategic committee

- Total aggregate consideration to consist of the purchase price of $16.5MM cash, an excess cash distribution prior to closing and a contingent value right related to prior transaction escrow agreements still outstanding

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