MarketWise CEO plans to sell Porter & Co. to MarketWise; will run independently

MARKETWISE, INC.

CEO/Chairman Porter Stansberry announced plan to sell his company Porter & Co. to MarketWise.
Transaction intended to align interests; Porter & Co. would operate independently like other MarketWise units.
Deal is a related-party transaction given Stansberry's dual role as CEO and Chairman.
No further details on valuation, timing, or board approval disclosed in the communication.

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