The parent entity of Talenthouse, Talenthouse AG, announced that it had secured a new investor, Garage Italia Finance Sarl, which is a diversified company based in Luxembourg with business interests in collectible car customization, ecommerce marketplaces, and others, which purchased 32% voting rights in the company.
Talenthouse AG is currently restructuring to address its critical financial situation. It was reported that Talenthouse was facing legal action from its creditors, and the company had likely laid off most of its workforce. It was also reported that contributors to Talenthouse projects had not been paid for several months.
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