Rogers expands its ownership stake in theScore

TORONTO – TheScore, Inc. today announced an influx of $16 million in private placement financing from a small group of new and existing investors that includes Rogers Media. The company said it has entered into subscription agreements for $16 million non-brokered private placement of 100,000,000 Class A Subordinate Voting Shares at a price of $0.16. Relay Ventures, a venture capital fund based in Toronto and Silicon Valley focused on the mobile space, is leading the private placement, along with existing shareholders Levfam Holdings Ltd. and Rogers Media. This follows a 2012 deal by Rogers, which acquired 11,162,084 Class A subordinate...