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MINUTE MEDIA CUTS 12%, KILLS $200M VIDEOVERSE DEAL

Sports Illustrated's parent company Minute Media is laying off 12% of its workforce and scrapping its acquisition of AI highlight-extraction platform VideoVerse, citing the need for efficiency amid shifting media market conditions.

3 SOURCESFIRST SEEN MAY 29, 04:45 PM► READ THE ARTICLE

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Sports Illustrated rights holder Minute Media lays off 12% of staff and reverses its ~$200M deal to buy VideoVerse, an AI platform to extract sports highlights (Meir Orbach/CTech)

Meir Orbach / CTech: Sports Illustrated rights holder Minute Media lays off 12% of staff and reverses its ~$200M deal to…

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Israeli data security startup Cyera raised $300M at a $12B valuation, after raising $400M at a $9B valuation in January (Meir Orbach/CTech)

Meir Orbach / CTech: Israeli data security startup Cyera raised $300M at a $12B valuation, after raising $400M at a $9B…

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Israeli startup ZutaCore, which builds direct-to-chip liquid data center cooling systems, raised a $100M Series C from Mitsubishi and more at a $600M valuation (Meir Orbach/CTech)

Meir Orbach / CTech: Israeli startup ZutaCore, which builds direct-to-chip liquid data center cooling systems, raised a…

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