OpenWeb, once valued at $1.5B, is heading into bankruptcy

AdExchanger reports that publisher tech firm OpenWeb, backed by The New York Times and Samsung, faces insolvency with a $20 million lien from creditor Mars Growth Capital plus $32 million owed elsewhere, and a reorg would need another $19 million.

Why it matters. Publishers relying on OpenWeb’s comment and engagement tools risk losing a monetization vendor just as it runs out of cash to restructure.

Signal from adexchanger.com · read the original.

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