OPEN Sports Nabs $4 Million for Fantasy Sports Games

Authored by Mark Hefflinger on July 22, 2009 - 8:18am.

Fort Lauderdale, Fla. - OPEN Sports Network, the social network and fantasy sports venture launched by SportsLine.com founder Mike Levy, announced on Wednesday that it has raised an additional $4 million in private investor funding.

While investors were not disclosed, a report last week said that FoxSports.com had taken an equity stake in the company.

Florida-based OPEN Sports also announced a five-year deal to create exclusive fantasy sports games for FoxSports.com.

The company will use the funds to build out an exclusive product line across all major sports to support the deal with Fox.

Related Links:
http://snipurl.com/nqm1w

http://snipurl.com/nqmb9 (DMW previous coverage)

http://www.opensports.com