Business Insider reports that multi-platform casual game developer Oberon Media has fired 100 employees with Chief operating officer Don Ryan leaving the company.
Ryan is reported to have confirmed the report, saying that he left Oberon to start his own company in New York. No further details were given about the direction or focus of the new company, with Ryan saying it was too early to discuss specifics.
Infinity I-China Fund invested $20 million in Oberon, who describes itself as a multi-platform casual games company, with expertise in the online, mobile, interactive TV and retail categories.
Oberon's investors also include Goldman Sachs, Morgan Stanley, Oak Investment Partners, and Lehman Brothers Venture Capital.