Say Media recapitalizes at a fraction of its earlier value

by Lucia Moses
Say Media, a company that has raised more than $100 million from investors over the years, has finished recapitalizing at a value now a tenth of what investors have put into it. Say did an about-face last year when it decided to sell its publisher sites and revert to being a tech company. The company’s recapitalization means that $120 million in debt that was owed to Say’s fo ...Read the full article