Versant Media Group, which has been making tuck-in acquisitions since separating from Comcast and going public early this year, announced a deal for AI-powered StockStory to support CNBC‘s digital growth.
Financial details weren’t disclosed.
The platform delivers financial analysis, market insights and stock recommendations, enhancing CNBC’s data-driven capabilities. The acquisition, Versant said, reflects the continued expansion of its core businesses into digital platforms and will strengthen CNBC’s ability to provide data-driven insights with faster, more actionable analysis to help investors make informed investment decisions in real time.
“At Versant, we’re focused on extending our core brands into new platforms and services to drive growth across our portfolio,” said Deep Bagchee, Chief Product and Technology Officer for News at Versant. “This acquisition builds on that approach, adding capabilities that will enhance how we deliver insights and deepen engagement among retail investors across CNBC’s digital offerings.”
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