Paul Allen Might Sell Stake in TheStreet.com

Billionaire investor Paul Allen might be moving off TheStreet.com Inc. (TSCM).

Vulcan Ventures Inc., an investment vehicle for Allen, the co-founder of Microsoft Corp., and InfoSpace Inc. (INSP) might each sell their 2.4% stakes in TheStreet.com Inc., according to a regulatory filing.

InfoSpace, which sells electronic-commerce services, and Vulcan each hold 670,167 common shares in TheStreet.com, a New York-based Web site that provides financial commentary and news.

TheStreet.com filed Tuesday with the Securities and Exchange Commission to register the company shares held by Vulcan and InfoSpace. Once the registration is cleared by the SEC, Vulcan and InfoSpace can sell the stock to the public, though neither investor would be required to do so.

TheStreet.com shares were unchanged at $2.01 on Nasdaq on Tuesday.