TheMaven to acquire TheStreet for $16.5M, according to 180 Degree Capital

Montclair-based 180 Degree Capital Corp. announced Wednesday its portfolio company TheStreet Inc., a financial information website, has agreed to be acquired by TheMaven Inc., a Seattle-based digital media company, for $16.5 million.

Under terms of the merger, TheMaven will acquire all the outstanding common shares of TheStreet, 180 said.

180 said TheStreet’s stockholder are to receive between $6.19 to $6.47 per share in the deal.