Live Current CEO and Chairman, Geoffrey Hampson, the Company’s President and COO, Jonathan Ehrlich and Chief Corporate Development Officer, Mark Melville all invested in the round. 

Please see the news release HERE.

The Economic Times reports:

Anshu Jain, head of global markets at Deutsche Bank, has bought a minority stake in Mumbai Indians, the Indian Premier League (IPL) cricket team owned by Reliance Industries chairman Mukesh Ambani, ET has learnt.

London-based Mr Jain, a keen cricket enthusiast who is often seen at the Lord’s cricket ground enjoying matches, is said to have picked up the stake in his personal capacity. Reliance did not respond to an emailed query asking it to confirm the information, while Deutsche Bank does not comment on personal investments of its executives.

According to a person familiar with the matter, Mr Jain's investment in the Sachin Tendulkar-led Mumbai Indians was made "some time ago" and was for sheer love of the game. One estimate is that his stake could amount up to 15%.

The franchise for Mumbai Indians, which includes cricketing stars such as Harbhajan Singh, South Africa’s Shaun Pollock and Sri Lankan Sanath Jayasuriya, was won by Mr Ambani for $119.11 million as part of a high-stakes auction in which he outbid liquor baron Vijay Mallya. Mr Mallya later successfully bid for the Bangalore team called Royal Challengers.

Mr Jain, it is now hoped, may take a more active role as a minority investor, and use his contacts to rope in some English players for the Mumbai Indians, the person familiar with the matter said.

Several IPL teams are targeting marquee players such as Kevin Pietersen and Andrew Flintoff, but so far the English Cricket Board has been reluctant to allow England players to take part in IPL.

Mr Jain’s investment is an expression of his personal love for the game and not because the Mumbai Indians is in need of money, the person familiar with the matter said.

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Live Current will issue a press release about its third quarter 2008 results early Monday morning.

You can access the Q HERE.

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In the third quarter there were several key developments -- e.g. BCCI.tv launch, Karate.com development partnership.

Televisionpoint.com reports:

The Champions of the first Indian Premier League (IPL), Rajasthan Royals, runners-up Chennai Super Kings and multi starrer Deccan Chargers are seeking to raise money by diluting their stake in these entities as they gear up to make big bucks in the new season.

While some of these teams have already roped in investment bankers or financial and business advisory firms such as KPMG to work out valuations, financial experts and valuers differ widely in their estimates.

On their part, these teams are expecting valuations of $ 250 million, but experts like Sanjiv Agarwal of Ernst and Young say they won't be surprised if some of the multi-starrer teams command valuations two or three times that figure.

Agarwal was part of the E&Y team that had done the valuation for Team India some three years ago. Today, he puts Team India's valuation at $ 5 billion.

The first IPL season was a huge success and some franchises such as Chennai Super Kings, Kolkata Knight Riders and Rajasthan Royals even managed to break even or spin profits....

When contacted, KPMG executive director Rajesh Jain refused to put a valuation for any IPL team. But he said value estimates for a team would be done solely on the basis of cash flow. He said quite a number of investors, both domestic and foreign, were looking at acquiring stakes in IPL franchisees for strategic purposes.

The market buzz is that media firms, ADAG, Sahara Group, Future Group and financial entities such as ICICI Venture, Sequoia Capital and India Value Fund are exploring opportunities to join the IPL bandwagon. Names of some international players like Providence, Macquire Bank, DE Shaw, Deutsche Bank, Alcazar, Engelfield are also doing the rounds as possible investors in IPL franchisees.

The Wall Street Journal reports:

In the era of the 52-inch plasma television set, marketers at Sprint Nextel Corp. are banking on football fans to seek out a decidedly smaller viewing experience.

For the first time Thursday, a National Football League game -- the Cleveland Browns vs. the Denver Broncos -- will be broadcast on Sprint mobile phones as part of the wireless company's exclusive partnership with the league. That partnership deal is valued at about $500 million over five years.

Over the next seven weeks, Sprint will phone-cast the eight games that are televised solely on the NFL Network, the league's cable channel. For the past three seasons, the NFL has struggled to persuade major cable operators to include its channel in their basic programming packages.

With the NFL Network is available in only about 40% of American households, Sprint executives hope the NFL games can do for their company what the league's Sunday Ticket package has done for satellite-television provider DirecTV Group. Sunday Ticket, which is exclusive to DirecTV, allows dedicated fans to see every NFL game on Sunday afternoons, and has been crucial to DirectTV's growth.

"Live compelling content is a game changer in the mobile industry," said Steve Gaffney, Sprint's director of sports sponsorships.

For the NFL, the Sprint phone-casts are part of a series of experiments with digital media aimed at discerning how fans will consume football in the future. NBC Universal, a unit of General Electric Co., conducted similar experiments this summer, showing highlights and a handful of events from the Beijing Olympics on mobile phones.

"We know a lot of fans find themselves displaced, and they are using devices like mobile phones for more tasks," said Brian Rolapp, the NFL's senior vice president of digital media and media strategy. "With 60% of our revenues coming from media, we'd be foolish not to do something like this."

The planned phone-casts are part of Sprint's NFL Mobile Live package, which is available on most Sprint handsets. The package can be purchased for $15 a month, and is also included as part of Sprint's Everything plans that start at $69.99 per month.

The Globe and Mail today has a feature article about Live Current, "Perfect pitch scores a deal for B.C. firm":

Geoffrey Hampson didn't know what to expect when he arrived in the conference room of the Jumeirah Carlton Tower Hotel in London last February. He and a colleague had flown in to meet India's cricket czar, Lalit Modi, the 45-year-old scion of a billionaire family who'd recently spearheaded the founding of a professional league — a kind of NHL or NBA of cricket.

Mr. Hampson, chief executive officer of Live Current Media, a Vancouver-based website developer, had an hour to persuade Mr. Modi that he should sell the Web rights to the Indian Premier League (IPL) to Mr. Hampson's 30-person firm rather than to one of the global media giants that Mr. Modi had short-listed for bids.

Read the full article HERE.

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UPDATE: Live Current CEO Geoff Hampson will be online at the Globeandmail.com on Friday at 1 p.m. Eastern to take your questions. To submit your question, click HERE.