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AI IntelligenceMay 29, 2026M&A
Article

Minute Media -> VideoVerse

Minute Media, rights holder of Sports Illustrated, reversed its ~$200M deal to buy VideoVerse, an AI platform for extracting sports highlights. The reversal comes alongside layoffs of 12% of staff.

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AI-generatedSource: CTech
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Minute Media, rights holder of Sports Illustrated, reversed its ~$200M deal to buy VideoVerse, an AI platform for extracting sports highlights. The reversal comes alongside layoffs of 12% of staff.