Technology Crossover Ventures has purchased a minority stake in TheStreet.com, in a move to help the company continue its growth.
TCV has paid $55 million, which includes the purchase of preferred stock and warrants to purchase shared of common stock. TCV’s founding general partner has also joined TheStreet’s board.
TheStreet.com has seen strong growth after the last few years and now boast a loyal and wealthy customer base.
TheStreet will be launching a new site called Mainstreet.com, they describe this new site as follows:
"Here's our promise to you. Our editors will choose stories that matter. Stories that you can relate to learn more about yourself, your money, and your world. Stories that will make you think — really think — about major milestones in your own life, and how to manage them successfully."
TheStreet will also be re-launching TheStreet and Stockpickr, which is one of the companies it has already acquired.
We can expect to see TheStreet grow its social network capabilities as it moves forward over the next few years.
.......................................................................................................................
Комментариев нет:
Отправить комментарий