Founded while $50K in debt, entrepreneur sells digital media firm for $100M

ST. PETERSBURG — The Penny Hoarder, a financial advice digital media business founded a decade ago by entrepreneur Kyle Taylor, who, at the time, was $50,000 in debt, has been acquired for more than $100 million. 

Salt Lake City-based Clearlink, a digital marketing subsidiary of Tampa-based outsourcing giant Sykes Enterprises, acquired Taylor Media Corp., owner of The Penny Hoarder, according to a statement. Clearlink, the release states, will buy the stock of The Penny Hoarder — which did some $50 million in revenue in 12 months through Sept. 30 — in an all-cash deal for $102.5 million. Clearlink will fund the acquisition through both financing and cash on hand.