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Company founded by CNBC's Cramer sold for $16.5 million

Ben Miller
Company founded by CNBC's Cramer sold for $16.5 million

Financial information company TheStreet Inc. said it's been purchased for $16.5 million. New York-based TheStreet (Nasdaq: TST) said the purchaser is TheMaven Inc. (OTC Bulletin Board: MVEN) of Seattle. Maven said it's a "media coalition of professional content destinations" that includes "many household media brands, and hundreds of professional journalists and content creators." TheStreet was co-founded in 1996 by CNBC "Mad Money" host Jim Cramer.