NEW YORK, Nov. 13, 2017  -- TheStreet, Inc. (NASDAQ: TST), a leading financial news and information provider, announced today that it has entered into a new four-year agreement with Jim Cramer, the Company's founder, financial markets commentator and a director of the Company. Mr. Cramer will continue his role trading his multi-million-dollar Charitable Trust portfolio at Action Alerts PLUS (www.actionalertsplus.com). He will also continue to host events, author articles and provide video content for the Company's subscription products and distribution channels, most notably Real Money (www.realmoney.com) and TheStreet.com. The new agreement is effective January 1, 2018and will expire on December 31, 2021.

 

"The Company greatly benefits from the many contributions of our founder, Jim Cramer, the most recognized personality in financial media," said Dave Callaway, President and CEO of TheStreet. "Jim's continued commitment to TheStreet is a strong validation of the positive direction the Company is headed. Having Jim here and motivated to grow our consumer business will allow the company to maximize its potential and return value to our shareholders."

NEW YORK, July 20, 2017 -- Pareteum Corporation (NYSE MKT: TEUM), ("Pareteum" or the "Company"), a leading communications technology provider to global Mobile, MVNO, Enterprise and IoT markets, today announced that it has been awarded two new cloud services contracts from UK-based Communications Service Providers (CSP's) for its on-demand hosted Home Location Register (HLR) services. This marks the second and third customers for its HLR-as-a-Service product, which was announced in May 2017. These new three-year contracts represent more than 50,000 new subscriber equivalents and an additional $1,000,000 to Pareteum's current revenue backlog.

 

These new customers will utilize the subscriber database management and billing capabilities of TEUM Global Mobility Cloud Platform to manage their end users' mobile devices. In addition to increasing sales through these new relationships, Pareteum benefits by extending its coverage area for TEUM Global Connection, our mobile connectivity solution, by leveraging the networks of these customers.

MOSCOW, AMSTERDAM, the Netherlands and SAN FRANCISCO, July 13, 2017-- Yandex (NASDAQ:YNDX) and Uber announced today an agreement to combine their ridesharing businesses in Russia, Kazakhstan, Azerbaijan, Armenia, Belarus and Georgia into a new company (“NewCo”). Uber will also contribute its UberEATS business in the region to NewCo.

 

In addition, Uber has agreed to invest $225MM and Yandex has agreed to invest $100MM into NewCo, valuing it at $3.725Bn on a post-money basis. After these investments, and subject to certain adjustments at closing, NewCo will be owned approximately 59.3% by Yandex, 36.6% by Uber, and 4.1% by employees of the company, on a fully diluted basis. Tigran Khudaverdyan, currently the CEO of Yandex.Taxi, will become the CEO of the combined business.

NEW YORK, May 25, 2017  -- Global Sources Ltd. (NASDAQ: GSOL) (the "Company") today announced that the Company, Expo Holdings I Ltd. ("Parent") and Expo Holdings II Ltd., a wholly-owned subsidiary of Parent, have entered into an amendment to the previously announced Agreement and Plan of Amalgamation (as amended, the "Amended Amalgamation Agreement") providing for an increase in the amalgamation consideration from US$18.00 per share in cash to US$20.00 per share in cash.

 

The revised amalgamation consideration of US$20.00 per share represents approximately a 11.1% premium over the original amalgamation consideration and approximately a 66.7% premium over the Company's closing price of US$12.00 per share on May 22, 2017, the last trading day prior to the date that the Company entered into the original Agreement and Plan of Amalgamation, and approximately a 91.7% premium over the volume-weighted average closing prices of the shares during the 30 trading days prior to May 22, 2017.