Posted on August 03, 2022
Israeli personalized video platform company SundaySky has announced that it has sold control in the company to US private equity firm Clearhaven Partners. At the same time, SundaySky has announced that it is laying off 13% of its workforce totaling 24 employees in Israel, the US, and Japan.
SundaySky's announcement is thin on details but says that Clearhaven Partners will invest over $100 million in the company with some of the money going to existing shareholders to purchase a stake of more than 50% and some into the company's coffers for future investment.
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