Houston-based Telescan is to merge its online investment portal WallStreetCity.com with IndividualInvestor.com to provide investors with a one-stop shop for seeking financial advice.
The newly merged site, to be called "IndividualInvestor.com at WallStreetCity," will give the 88,000 registered, opt-in users of WallStreetCity and the 87,000 registered, opt-in users of IndividualInvestor.com access to a range of financial content, tools and data in order to help them make more informed investment decisions.
The site is accessible from both www.wallstreetcity.com and from www.individualinvestor.com.
Under the terms of the deal, Telescan will deliver 1,063,531 shares of common stock to Individual Investor Group. In turn, Individual Investor Group has assigned certain assets to Telescan, including the customer database, the domain name and the trademark of "IndividualInvestor.com."