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Francisco Partners, Israel Growth Partners acquire LiveU

Francisco Partners Management LP bought LiveU Ltd., alongside fellow technology-focused investor Israel Growth Partners, or IGP Capital.

The selling shareholders are Canaan Partners, Viola Ventures, Pitango Venture Capital and Lightspeed Venture Partners.

LiveU is an Israel-based company providing live video streaming services for television, mobile, online and social media.

Goldman Sachs was the exclusive financial adviser to Francisco.