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 buy VideoVerse, an AI platform to extract sports highlights — The unicorn says restructuring reflects push for efficiency and long-term growth amid changes in the media market …