Financial reporting firm Investing.com has acquired StreetInsider, a provider of breaking news on equities. Terms were not disclosed.
Investing.com will embed StreetInsider’s core news services -- including Hot list, Rumors, Trader talk, Momentum Movers and Trading Halts feeds -- into its mobile apps and website to deliver a mix of free and gated content, it says.
However, StreetInsider will continue operating as a stand-alone service, providing selected feeds exclusively on its own platform.
The purchase reflects Investing.com’s plan to “invest more in premium breaking news and to make it accessible and affordable for all,” said Shlomi Biger, Chief Product Officer at Investing.com.
Investing.com, which purchased its domain name in 2012, claims it is driving over 4 billion pageviews per month, up from 400 million in 2016.
The company launched its premium product InvestingPro in 2022 after acquiring FinboxIt, a reporting service that partnered with S&P Market Intelligence to cover over 60,000 companies worldwide. It sees the premium service as a sort of Bloomberg Terminal for retail investors.
Investing.com, which was purchased for around $500 million by Joffre Capital in 2021, says it is trying to empower retail investors with the same data used by the world’s biggest investment banks and money managers.