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SUNSHINE, THE CONSUMER AI startup founded by former Yahoo CEO Marissa Mayer in 2018, has seen brighter days.
The small startup is shutting down, and its assets are being sold to a new entity incorporated by Mayer called Dazzle, according to an email viewed by WIRED. Mayer sent the email to Sunshine shareholders on September 17, informing them that Dazzle has officially incorporated and is ready to acquire Sunshine’s holdings.
The deal requires approval from shareholders, including Sunshine cofounder Enrique Muñoz Torres, Norwest Venture Partners, Felicis Partners, Ron Conway’s SV Angel, the PR firm Archetype Agency, and others. As of Sunday afternoon, 99 percent of shareholders had signed, according to sources close to the situation. Mayer is the company's largest shareholder and investor.
