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.
