new york—Versant Media Group, Inc. has acquired StockStory, an AI-powered platform that provides financial analysis, market insights and stock recommendations, in a deal that expands the company’s offerings in business news and personal finance.
Financial terms of the deal were not disclosed.
StockStory’s AI-powered technology will enhance CNBC’s ability to deliver data-driven insights with faster, actionable analysis to help investors make informed investment decisions in real-time.
“At Versant, we are focused on extending our core brands to new platforms and services and driving growth across our portfolio,” said Deep Bagchee, chief product and technology officer for news at Versant. “This acquisition builds on that approach, enhancing the way we deliver insights and adding capabilities to deepen engagement among retail investors across CNBC’s digital services.”
“I’m proud of what our team has built at StockStory – a platform that combines AI and data-driven insights to help investors make better decisions,” said Adam Hale, Founder and CEO of StockStory. “We are thrilled to join CNBC, a definitive and deeply respected global brand, and contribute to its next chapter of digital growth.”
StockStory’s technology focuses on scalable analysis of public companies, combining data, machine learning, AI, and editorial frameworks to generate investment insights. These features further enhance the depth and quality of CNBC’s coverage.
As part of the transaction, Adam Hejl will join Versant and report to Deep Bagchee.
StockStory’s team will support CNBC’s ongoing product and technology efforts, with an initial focus on strengthening its digital investment capabilities.
