"Business Insider" reports that multi-platform casual game developer Oberon Media Inc. has fired 100 employees in the past few days, and that COO Don Ryan has left the company.
Ryan confirmed the report, saying that he left Oberon to start his own company in New York. He declined to say what the company would do, saying that it was too early to discuss any details.
In October of 2008, in the midst of the global financial crisis, Infinity I-China Fund invested $20 million in Oberon. Oberon's investors include Goldman Sachs, Morgan Stanley, Oak Investment Partners, and Lehman Brothers Venture Capital.
Published by Globes [online], Israel business news - www.globes-online.com - on December 20, 2009
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