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Technology Stocks : TheStreet.com, Inc. (TSCM) -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Walls who wrote (431)	9/11/1999 9:04:00 PM
From: Jon K.	Read Replies (1) \| Respond to of 1822

cbs.marketwatch.com TheStreet.com launching UK site Private backers take minority stake for $17 million By Tom Bemis, CBS MarketWatch Last Update: 6:12 PM ET Sep 11, 1999 NewsWatch NEW YORK (CBS.MW) -- TheStreet.com said it is forming a unit to offer financial news and commentary in the United Kingdom similar to its U.S. financial news site. The company (TSCM: news, msgs) said it expects to launch TheStreet.co.uk in early 2000. Chase Capital Partners, Barclays Private Equity, ETF Group and 3i will receive a minority stake in the venture in return for $17 million in backing, the company said. "Investors in the US and the UK are separated by thousands of miles, but they share the same information needs," said Kevin W. English, chairman and chief executive officer of TheStreet.com Inc. in a statement. English named Claudia Jay, the former head of product development for the Financial Times newspaper's FT.com website, as managing director of TheStreet.co.uk. Martin Baker, an associate editor of "Sunday Business" was names editor in chief. Shares of TheStreet.com rose 1 3/4 to 19 3/4 Friday. TheStreet.com, which sells subscriptions to its services, said it currently has "almost 90,000 subscribers, up from approximately 66,000 on June. 30." The New York Times (NYT: news, msgs) holds a minority stake in TheStreet.com. The site competes against MarketWatch.com (MKTW: news, msgs), the publisher of this website.